TBC Bank Group PLC ("TBC Group") announces that its subsidiary, JSC TBC Bank ("TBC Bank"), has signed a USD 210 million syndicated loan facility with FMO, the Dutch entrepreneurial development bank, and a syndicate of partners from the private sector.
The facility will support financing for the MSME segment in Georgia, with a strong focus on agricultural, rural, and youth sub-borrowers. Furthermore, at least 30% of the total funding amount will be allocated to green projects, reinforcing TBC Group's commitment to sustainable and inclusive growth.
In this landmark transaction, FMO acted as Mandated Lead Arranger and will continue to serve as Facility Agent. The syndicate reflects a blend of newly established and enduring financing relationships, bringing together leading Gulf-based financial institutions such as Mashreq Bank, Abu Dhabi Commercial Bank (ADCB), and Commercial Bank of Dubai (CBD), together with long-standing partners Commerzbank and BlueOrchard Microfinance Fund (BOMF). The facility represents the largest senior syndicated financing arranged by FMO not only in Georgia but also the broader region to date, underscoring the depth of international investor confidence in the country's financial sector.
George Tkhelidze, CEO of JSC TBC Bank:
"We are pleased to have secured the landmark facility with six leading international financing partners under the lead arrangement of FMO. This transaction further reinforces TBC's already robust liquidity position and supports its long-term sustainable growth strategy, with a continued strong emphasis on inclusive financing, which remains a shared objective across the syndicate. Our relationship with FMO has spanned nearly two decades and this latest benchmark transaction reflects the continuity of our long-standing partnership. We are also delighted to welcome new institutional investors into the syndicate, which provides a strong platform for further collaboration going forward. We would like to sincerely thank FMO for arranging this transaction, as well as all syndicate members for their trust and valuable contribution. We look forward to further strengthening our cooperation in the future."
Huib-Jan de Ruijter, Co-Chief Investment Officer at FMO:
"We are proud to have led this landmark transaction for TBC Bank, reflecting the strength of our long-standing partnership and continued confidence in Georgia's financial sector. This facility demonstrates our commitment to mobilizing private capital for development, bringing together a diverse group of international investors. The successful syndication, including strong participation from Gulf-based institutions despite a complex geopolitical environment, highlights the resilience of high-quality opportunities in the region. By supporting MSMEs, alongside dedicated financing for green projects and underserved segments such as rural and youth entrepreneurs, the facility will contribute to inclusive and sustainable growth in Georgia."
About FMO
FMO is the Dutch entrepreneurial development bank. As a leading impact investor, FMO supports sustainable private sector growth in developing countries and emerging markets by investing in ambitious projects and entrepreneurs. FMO believes that a strong private sector leads to economic and social development and has a 55+ year proven track-record in empowering entrepreneurs to make local economies more inclusive, productive, resilient and sustainable. FMO focuses on three sectors that have high development impact: Agribusiness, Food & Forestry, Energy, and Financial Institutions. With a total committed portfolio of EUR ~15 billion spanning over 85 countries, FMO is one of the larger bilateral private sector development banks globally. For more information: please visit www.fmo.nl
For further enquiries, please contact:
Director of Investor Relations
Andrew Keeley
Or
Head of Investor RelationsAnna Romelashviliir@tbcbank.com.ge
About TBC Bank Group PLC
TBC Bank Group PLC ("TBC Group") is a London-listed financial services group (LSE: TBCG) serving 7.2 million digital monthly active users across Georgia and Uzbekistan through two complementary business models focused on simplicity, accessibility and customer experience. TBC Georgia is the country's leading financial services provider - a digitally-led franchise across retail, MSME and CIB with a nationwide footprint and a long track record of profitable growth and strong shareholder returns. TBC Uzbekistan is building Central Asia's leading digital financial ecosystem, serving consumers and businesses through a fully digital model.
Founded in Georgia in 1992 and operating in Uzbekistan since 2020, TBC Group has evolved from a national leader into a regional financial services group.
TBC PLC is a public limited company registered in England and Wales. It is a constituent of the FTSE 250 Index and is also included in the FTSE4Good Index Series and the MSCI United Kingdom Small Cap Index.