Short description of the overall project

The Green for Growth Fund, Southeast Europe (GGF) signed a USD 15 million subordinated loan facility with JSC TBC Bank (TBC) in Georgia. The funding provided by the GGF will strengthen TBC’s capitalization and support further growth of the Bank’s EE and RE lending activities.

TBC is Georgia’s second largest bank and leading provider of RE financing. TBC Bank, the GGF’s second partner financial institution in Georgia, began working with the GGF Technical Assistance Facility (GGF TAF) as early as 2013 to develop and implement a strategy for EE financing solutions tailored to corporate and retail customers. The GGF TAF will continue to support TBC Bank in promoting EE investments in the Georgian market.