by Sheen Gupta -

MICROCAPITAL BRIEF: EBRD Loans $23m to TBC Bank, TBC Leasing to Boost Technology Investments by MSMEs in Georgia

The European Bank for Reconstruction and Development (EBRD), a multilateral development finance institution, recently committed loans to two members of Georgia’s Tbilisi Business Centre (TBC) Bank Group: one in local currency up to the equivalent of USD 20 million to TBC Bank and another of up to EUR 3 million (USD 3.1 million) to TBC Leasing. The purpose of the “medium- to long-term” loans is to enable micro-, small and medium-sized enterprises (MSMEs) in Georgia to acquire technology that helps them meet EU standards of

by Kate Finster -

MICROCAPITAL BRIEF: Green for Growth Fund Loans $5m in Local Currency to TBC Leasing to Boost Energy Efficiency of SMEs in Georgia

The Green for Growth Fund (GGF), a Germany-based investment fund, recently loaned TBC Leasing, a member of Georgia’s Tbilisi Business Centre (TBC) Bank, approximately GEL 16 million (USD 5 million) to fund the leasing of equipment