TBC Bank (Georgia)

BSTDB extended in 2024 a new SME Local Currency loan facility of 135 million Georgian Lari (USD 50 million indicative equivalent) to TBC Bank. TBC Bank is one of the largest banks in Georgia with very wide country coverage, diversified banking services range, strong corporate governance and highly professional and dedicated management and team. It is an existing BSTDB financial partner in Georgia. This operation is the third local currency loan to TBC Bank, further expanding the very successful partnership started in 2015. The new facility is supporting TBC Bank’s activities in financing eligible small and medium-sized enterprises. As the facility is provided in GEL, there is no foreign exchange risk, neither for TBC Bank nor for Georgian beneficiary SMEs.

Therefore, in addition to facilitating SMEs access to finance, BSTDB contributes to the Georgian authorities dedollarization program in the banking sector. The loan was funded by a GEL-denominated bond issued by BSTDB in cooperation with TBC Capital, a member of TBC Bank Group, thus contributing to the local capital market development. The excellent cooperation between BSTDB and TBC Bank has been continuing since 2003 in both SME finance (with aggregate disbursement volume of USD 105 million) and trade finance (with total volume of disbursements reaching over USD 68 million).