BAKU, Azerbaijan, October 22. The European Bank for Reconstruction and Development (EBRD) has announced a loan of $25 million in Georgian lari (GEL) to TBC Bank to support private businesses in Georgia, TurkicWorld reports.
The funding will enhance access to local-currency financing for companies looking to invest in energy efficiency, renewable energy, and climate resilience initiatives.
Georgia's commitment to addressing climate change aligns with the EBRD’s strategic priorities across the economies in which it operates. The private sector plays a crucial role in expanding green investments, and through this partnership, the EBRD aims to reach more small and medium-sized enterprises (SMEs) in the region.
TBC Bank, listed on the London Stock Exchange, is one of Georgia's leading financial groups, offering a broad range of traditional and digital financial services. The bank has a strong foothold in retail banking, MSME finance, and corporate banking.
As a key institutional investor in Georgia, the EBRD has invested nearly 5.3 billion euros across 301 projects, with 82 percent of those directed towards the private sector, spanning financial, corporate, infrastructure, and energy sectors.
