Business
TBC Bank and DEG Sign EUR 30 mln Loan Agreement
TBC Bank and DEG Sign EUR 30 mln Loan Agreement.
About this update from Tbc Bank Group Plc
[{"type":"text","content":"\n \n \n \n TBC Bank and DEG Sign EUR 30 million Loan Agreement\n \n \n \n \n \n \n \n \n TBC Bank Group PLC (\"TBC PLC\") announces that its subsidiary, JSC TBC Bank (\"TBC Bank\"), has signed a EUR 30 million senior loan agreement with DEG - Deutsche Investitions und Entwicklungsgesellschaft mbH (\"DEG\"). This seven-year facility will be designated to finance small and medium-sized businesses (\"SME\"s), female entrepreneurs and green projects in Georgia.\n \n \n \n \n \nGiorgi Megrelishvili,\n \n \n Deputy\n \n \n CEO, TBC Bank, commented:\n \n \n \n \"We are delighted to continue our long-standing cooperation with DEG, spanning more than two decades. Throughout our partnership, DEG has provided diversified financial resources to TBC Bank, mainly supporting the SME sector in Georgia. This new transaction is further testament to both institutions' strong commitment to supporting the sustainable economic growth of SMEs, improving access to finance for female entrepreneurs and promoting green investments in Georgia, thereby contributing to job-creation and bringing long lasting benefits to the country. I would like to thank DEG for being a long-standing partner of TBC Bank and we look forward to working with them on many more successful deals in the future.\"\n \n \n \n \n \nMonika Beck, member of DEG's Management Board, commented:\n \n \n \n \"DEG is very pleased to continue its partnership with TBC. The transaction demonstrates DEG's commitment to promoting the greater participation of women in business and to green financing. TBC and DEG can look back on more than 20 years of successful cooperation and now another exciting part of the joint journey lies ahead of us.\"\n \n \n \n \n \nAbout DEG\n \n \n \n For 60 years, DEG has been financing and advising private enterprises operating in developing and emerging-market countries. With a portfolio of around EUR 9.2 billion, it is one of the world's largest private-sector development financiers. As an impact and climate investor, we assist companies that are transforming and aiming to seize their opportunities. Our customers do not only receive financing and advisory solutions tailored to their needs; they can also build on our market knowledge, our impact and climate expertise and our international network. In this way, we contribute together to creating more skilled jobs ...