According to the EIB, the project consists in a loan to TBC Bank to support eligible small and medium-sized enterprises (SMEs) and midcaps in Georgia.
Part of the available funding will be dedicated to green and gender equality investments.
The EIB will require TBC Bank (the intermediary) to take all the requisite measures to ensure that the procedures carried out by the final beneficiaries will comply with the national legislation, the ElB's Environmental and Social Standards as well as international treaties and conventions signed and ratified by or otherwise applicable and binding in the country.
As stated by Bloomberg, TBC Bank JSC provides banking services. The Bank provides personal and commercial banking, home loans, investment management, deposits, debit and credit cards, loans, business financing, money transfers, and insurance services. TBC Bank serves customers in Georgia.
Project contacts not provided at the time of disclosure.
Financial Intermediary - TBC Bank JSC:
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