The EBRD is considering a GEL 14 million follow-on equity investment in TBC as part of the bank’s capital increase of up to GEL 70 million. The majority of existing sharedholders will participate on a pro-rata basis. The capital increase will be in addition to the original equity investment made in 2009. The continued support will enable TBC to deliver its growth strategy.
The transition impact of the equity investment stems from the reinforcement of the transition impact objectives set at the time of the initial equity investment in 2009 in the demonstration of successful restructuring and market expansion. Continued support to TBC will enable the institution to implement its growth strategy thereby increasing access to finance particularly to the SME and microfinance sectors.
TBC Bank, a universal bank, is the second largest Bank operating in Georgia.
Up to GEL 14 million (USD 8.5 million equivalent) purchase of newly issued shares, as part of TBC’s capital increase of up to GEL 70 million (USD 42.4 million).
GEL 14 million (USD 8.5 million equivalent).
Mariam Megvinetukhutsesi, Head of Corporate Banking
6, Marjanishvili Street
Telephone: +995 32 272727
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Tel: +44 20 7338 7168
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