TBC Bank

In brief

TBC Bank is the largest universal commercial bank in Georgia, with a market share of nearly 40%. It finances retail, micro, SME, and corporate clients. The Tier 2 loan will strengthen capital and enable the growth of the green loan portfolio.

Main development impact

The loan proceeds will enable the growth of TBCs green loan portfolio, and as such, the project contributes to climate change mitigation. TBC is the leading partner in Georgia for renewable energy financing. TBC strives to act as a role model in responsible and climate-aware financial services. Through its advanced online banking services, it drives financial inclusion and significantly contributes to the improvement of productivity in the economy through lowering transaction costs. In addition, it pays a significant amount of taxes, reduces the need for imports through loans to boost local production, and promotes gender equality.

Investment details

Name: TBC Bank
Project number: 80000483
Region: Asia
Country: Georgia
Sector: Financial institution
Signing date (month/year): January 2024
Currency: EUR
Finnfund's financing (commitment): 10,000,000
Instrument: Loan
Size of the project financing: EUR 80,000,000
Share of Finnfund's financing (%): 12,50 %
Status: Active
Website: https://www.tbcbank.ge/web/en/web/guest/personal-banking

Please note, that in principle, this information is given at the time of signature according to Finnfund's disclosure policy. However, in the case of investment funds, the share of Finnfund’s financing (%) is disclosed after the fund’s final closing, and information on the portfolio companies financed by the fund is updated at least once a year.

January

Key facts

Name:

TBC Bank

Sector:

Financial institution

Region:

Asia

Country:

Georgia

Currency:

EUR

Finnfund's financing (commitment):

10,000,000

Signing date (month/year):

January 2024

Last update:

September 2014