EIB regional representation for the South Caucasus

The European Investment Bank (EIB) has signed a guarantee agreement financially supported by the European Union with TBC Bank, enabling it to extend financing to the local private sector on favourable terms, including with reduced collateral requirements. The EIB guarantee will unlock over €31 million of financing for small and medium-sized enterprises (SMEs) in Georgia by providing 80% of the coverage of potential losses on each loan originated by TBC Bank. It will contribute to inclusive economic growth in the country with a specific focus on regional entities, women-led businesses, young entrepreneurs and start-ups.