PROMOTING FINANCIAL SECTOR GROWTH AND SERVICE DIVERSITY

The ADB assistance is a senior loan to TBC Bank of $50 million with a tenor of five years. TBC Bank will use the proceeds to diversify its exposure to Georgia's regions outside the capital Tbilisi by (i) increasing lending to micro small and medium sized enterprises including farms; (ii) providing enhanced access to longer-term finance for the MSMEs in support of regional income and employment; and (iii) gradually fund smaller entities, thereby supporting diversification of TBC's loan book, and reducing TBC's large exposures. TBC will utilize its retail, SME, and corporate platforms, as well as its subsidiary Bank Constanta microfinance lending platform.