TBC Bank Group
Holding Company of JSC TBC Bank

Press Releases

Please note that press releases prior to 10 August 2016 are for JSC TBC Bank
June 11, 2014

LONDON STOCK EXCHANGE WELCOMES GEORGIA’S TBC BANK TO THE MAIN MARKET

London Stock Exchange today welcomes TBC Bank to the Main Market following its listing of Global Depositary Receipts (GDRs). The company, the largest bank in Georgia by retail deposits, raised $239m at IPO, giving it a market value of $640m.
March 17, 2014

TBC Bank acted as a Lead Manager for the First EBRD Bonds in Lari

TBC Bank is announcing today its participation as a Lead Manager of the EBRD historic milestone bond issuance in Georgian lari, the first-ever bonds placed by an international financial institution in Georgia. It is a GEL 50 million floating rate, 2-year note linked to the 3-month Certificate of Deposit rate of the National Bank of Georgia. This transaction will encourage local currency lending in the country and support the development of the local capital markets.
September 16, 2013

TBC Bank Signs USD 35 million Subordinated Loan Agreement with FMO, Swedfund and Cordiant Capital

TBC Bank signed a USD 35 million subordinated loan agreement with its shareholder Dutch development bank, FMO. The loan facility is provided in syndication with the Canadian investor, Cordiant and the Swedish development bank, Swedfund. The transaction will support TBC Bank’s capital adequacy, enabling the Bank to grow further and meet clients’ needs.
March 21, 2013

TBC Bank Signs a USD 7.5 million Subordinated Loan Agreement with DEG

TBC Bank signed subordinated loan agreement in the amount of USD 7.5 million with DEG (Deutsche Investitions- und Entwicklungsgesellschaft). This seven year facility will allow TBC Bank to further strengthen the capital in order to meet its growth and development targets over the coming years.
February 26, 2013

TBC Bank and ADB Signed a USD 50 Million Loan Agreement

TBC Bank and the Asian Development Bank (ADB) signed a USD 50 million senior loan agreement today. The 5-year facility will be dedicated to extending credit to under-banked small and medium businesses outside the capital city. The proceeds of the loan can also be used to finance micro segment customers in the regions of the country through TBC Bank’s subsidiary, Bank Constanta.
December 28, 2012

TBC Bank Announces Extension of its Subordinated Loan Agreement with FMO

TBC Bank announces an amendment to its subordinated loan facility agreement with FMO (Nederlandsche Financierings-Maatschappij voor Ontwikkelingslanden N.V.) that extends the maturity of the outstanding USD 15 million loan to April 15, 2022.
December 24, 2012

TBC Bank Signs EUR 25 million Loan Agreement with EIB

TBC Bank signed an agreement for EUR 25 million loan facility with the European Investment Bank (EIB). The seven year facility provides funding to TBC Bank’s small and medium enterprise (SME) clients with a special focus on the energy sector projects.
December 17, 2012

TBC Bank Raises GEL 25m Additional Equity from its Existing Shareholders

TBC Bank’s international financial institution (IFI) shareholders signed an agreement today to make additional capital investments in the Bank in the amount of GEL 25,415,338.50.
December 17, 2012

TBC Bank Signs USD 20 million Loan Agreement with PROPARCO

Today, on its 20th anniversary, TBC Bank signs a USD 20 million loan agreement with the French Investment and Promotion company for Economic Cooperation, PROPARCO.
September 28, 2012

TBC Bank and EBRD Sign a USD 10 Million Loan Agreement

TBC Bank and European Bank for Reconstruction and Development (EBRD) have concluded a USD 10 million loan agreement under the Caucasus Energy Efficiency Program (CEEP).