TBC Bank signs €80 million subordinated loan to support sustainability

By Marisa Wong

Los Angeles, Jan. 26 – TBC Bank Group plc announced that subsidiary JSC TBC Bank has signed a syndicated subordinated loan agreement in the amount of £80 million with the Dutch entrepreneurial development bank FMO and its syndicate members, according to a press release.

The loan facility has a maturity of 10 years and qualifies as tier 2 capital under the Basel 3 framework.

This funding will strengthen TBC’s capital position, increase its long-term resilience and support the bank’s sustainable growth, according to a press release.

FMO acted as the mandated lead arranger and will also serve as facility agent.

FMO has provided funding in syndication with five other lenders and participants, including new financiers such as Finnish development financier and impact investor Finnish Fund for Industrial Cooperation Ltd., Danish development financier and impact investor Investment Fund for Developing Countries and SDG-focused emerging market credit fund ILX Fund. Existing long-standing partners of TBC Bank, BlueOrchard Microfinance Fund and Green for Growth fund were also part of the syndicate.

TBC is a bank based in Tbilisi, Georgia. The parent company is registered in England and Wales.

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