TBC and IFC sign $150 million deal to support SMEs

TBC Bank has signed a five-year, $150 million loan agreement with the International Finance Corporation (IFC). The project aims to promote the development of small and medium-sized enterprises and strengthen climate finance. The financing obtained from the IFC will further strengthen TBC’s leading position in small and medium-sized enterprises and sustainable lending.

“The signing of the above transaction is the most important stage in the cooperation with IFC and reflects the common values ​​and aspirations of our institutions – to contribute to the sustainable development of Georgia’s economy. The raised loan will not only strengthen TBC’s efforts to finance SMEs, but will also allow us to promote climate-related investments throughout Georgia. We thank IFC for the allocated funds and look forward to more opportunities for successful cooperation in the future,” said Vakhtang Butskhrikidze, General Manager of TBC Bank.

“This investment in Georgia is part of IFC’s activities aimed at promoting economic growth and sustainability. We plan to work with TBC Bank, through its superior digital mechanisms and extensive branch network, to achieve significant progress in SME financing and climate change mitigation measures, which will contribute to a sustainable economy.” , Ivana Fernández Duarte.

About IFC
IFC is a member of the World Bank Group and the largest international development finance institution promoting private sector development in developing countries. We operate in more than 100 countries, using our capital, experience, and influence to create markets and opportunities in countries with economies in transition. In fiscal 2024, IFC committed a record $56 billion in financing to private companies and financial institutions in developing countries, mobilizing private capital to create a world without poverty on Earth. More information is available on the website: www.ifc.org.