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
May 5, 2017

TBC Bank to complete merger with Bank Republic

TBC Bank Group PLC announces that its subsidiary JSC TBC Bank, the leading bank in Georgia has entered the final stage of the operational and legal merger with Bank Republic
April 24, 2017

TBC Bank acts as underwriter of EBRD Eurobond issue

TBC Bank Group PLC announces that its subsidiary JSC TBC Bank has acted as lead manager and underwriter for European Bank for Reconstruction and Development GEL 120 million (€46.7 million) Eurobond issue under EBRD’s Medium Term Note Programme. The bonds are to be listed on the London Stock Exchange.
March 31, 2017

TBC Bank signs USD100 million loan agreement denominated in local currency with EBRD

TBC Bank Group PLC announces that its subsidiary, JSC TBC Bank, has signed three loan agreements in the total amount of USD 100 million (in two equal tranches) denominated in local currency with the European Bank for Reconstruction and Development
December 21, 2016

TBC Bank signs two loan agreements with FMO

TBC Bank Group PLC announces that its subsidiary, JSC TBC Bank, has signed two loan agreements in the total amount of USD 55 million with the Netherlands Development Finance Company.
November 28, 2016

TBC Bank announces the signing of two loan agreements in the total amount of USD 30 million with the European Fund for Southeast Europe

TBC Bank Group PLC announces that its subsidiary, JSC TBC Bank ("TBC Bank") has today signed two loan agreements in the total amount of USD 30 million with the European Fund for Southeast Europe.
October 25, 2016

TBC Bank Acquires Georgian Insurance Company Kopenbur

TBC Bank Group PLC has signed an agreement to acquire 100% of JSC Insurance Company Kopenbur for USD 1.4 m in cash.
February 12, 2016

TBC Bank signs USD 50 million Subordinated Loan, USD 50 million Senior Loan, and a USD 500,000 technical assistance agreements with the Asian Development Bank

TBC Bank announces the completion of a 10-year subordinated loan agreement in the amount of USD 50 million and a 5-year senior loan agreement in the same amount with the Asian Development Bank (“ADB”). The two loan facilities are available for TBC Bank in either Euro, Dollar or Georgian Lari.
December 7, 2015

TBC Bank Signs Two Subordinated Loan Agreements for USD 30 Million from EFSE and GGF

TBC Bank announces that it has signed two subordinated loan agreements with the European Fund for Southeast Europe (“EFSE”) in the amount of USD 15 million and the Green for Growth Fund (“GGF”) for another USD 15 million. The transaction will further strengthen TBC Bank’s capital adequacy, enabling the Bank’s continued growth in accordance with its strategy. Both loan facilities bear a maturity of ten years and qualify as Tier II capital under current regulations.
November 4, 2015

TBC Bank Has Signed an Agreement about GEL 48 Million Loan from BSTDB

TBC Bank and the Black Sea Trade and Development Bank (BSTDB) have signed an agreement in the amount of GEL 48 million. The 3 year local currency SME Loan facility will enable TBC Bank to finance small and medium-sized enterprises in Georgia.
June 19, 2015

TBC Bank Obtains USD 10 Million Loan from BSTDB

TBC Bank and the Black Sea Trade and Development Bank (BSTDB) have signed a USD 10 million loan agreement. This transaction represents the renewal of the small and medium-sized enterprises (SME) financing agreement between the organizations first signed in 2003. The three year facility will be dedicated to financing SMEs in Georgia.