EBRD and TBC Bank Partner to Support Green Investments in Georgia 

The European Bank for Reconstruction and Development (EBRD) agreed to provide TBC Bank, its long-time partner, with a loan equivalent to $25 million in Georgian lari (GEL) to support green investments by private companies in Georgia.

This funding will offer more local currency financing options for companies investing in energy efficiency, renewable energy, and climate resilience projects.

Given the pressing issue of climate change in Georgia, the EBRD continues to prioritize green initiatives in all the regions it operates.

Through this collaboration with TBC Bank, the EBRD aims to expand access to sustainable financing for small and medium-sized enterprises (SMEs), which are instrumental in driving environmental progress within the private sector.

TBC Bank, a significant financial institution in Georgia, is listed on the London Stock Exchange, and provides a wide range of services, including retail banking, MSME finance, and corporate banking.

Known for its innovative digital solutions, the bank has established a strong presence across various business segments.

As a major institutional investor in Georgia, the EBRD has invested close to €5.3 billion in 301 projects spanning finance, corporate, infrastructure, and energy sectors.

Additionally, 82% of the bank's investments in Georgia have been channeled towards the private sector.