TBILISI: The European Bank for Reconstruction and Development (EBRD) has initiated a significant step in promoting sustainable finance in Georgia with a $25 million loan in Georgian lari (GEL) to TBC Bank. This financing aims to bolster private enterprises in the country by enhancing access to local-currency funding for investments in energy efficiency, renewable energy, and climate resilience.

According to Trend News Agency, the initiative aligns Georgia’s climate change efforts with the EBRD’s strategic focus on fostering green investments across its operational regions. The collaboration with TBC Bank is expected to significantly impact small and medium-sized enterprises (SMEs) by providing them with the financial means to pursue environmentally sustainable projects.

TBC Bank, a prominent financial institution listed on the London Stock Exchange, is recognized for its comprehensive suite of traditional and digital financial services in Georgia. It holds a dominant position in the market, particularly in
retail banking, micro, small, and medium enterprise (MSME) finance, and corporate banking.

With this partnership, the EBRD, a major institutional investor in Georgia, continues to expand its influence. The bank has already invested approximately 5.3 billion euros in the country across 301 projects, primarily targeting the private sector, including financial, corporate, infrastructure, and energy domains.