To support businesses and promote sustainable growth, TBC has signed two five-year loan agreements totaling $90 million with the International Finance Corporation (IFC), a member of the World Bank Group, and the Italian financial institution CDP (Cassa Depositi e Prestiti).
The partnership aims to foster the development of micro, small, and medium-sized enterprises (MSMEs) while advancing energy efficiency initiatives across Georgia. As part of the collaboration, access to long-term financing for MSMEs will improve significantly, making loan products more affordable and accessible. In addition, the agreements will expand financing opportunities for projects that enable businesses to use energy resources more efficiently and support sustainable development.
Under the agreements, IFC will provide $50 million, while CDP will contribute $40 million. Notably, this marks the first time that Italy’s leading financial institution, Cassa Depositi e Prestiti, has signed a loan agreement with a Georgian bank.
“We are pleased to have secured $90 million in financial resources through our partnership with international financial institutions IFC and CDP. This transaction will enable us to offer customers long-term financial products on improved terms and make their financial experience even more convenient. We believe this collaboration will support business growth and development in Georgia and make a meaningful contribution to the country’s economic progress, including in the area of energy efficiency. The agreement brings us closer to international standards and further strengthens confidence in Georgia’s banking sector,” said Vakhtang Butskhrikidze, CEO of TBC Group.
“Small businesses in Georgia are vital for economic growth and job creation, yet many still face challenges in accessing long-term financing. Through our partnership with TBC Bank, we aim to improve access to finance for MSMEs, promote more efficient use of energy resources, support private sector growth, encourage investment in development, and create jobs,” said Andres Felipe Gomez, Regional Manager for Financial Institutions Group, Europe at IFC.
“CDP continues to build international partnerships based on shared goals and trust. Through our collaboration with IFC and TBC, as well as our existing partnership with TBC Leasing, we contribute to strengthening the local financial ecosystem while also reinforcing ties between Georgia and Italy,” said Cristina Morelli, Head of Sovereign, Financial Institutions and Corporate Finance at CDP.
“Today, we are witnessing the strengthening of ties between Italy and Georgia, particularly within our countries’ financial sectors. The loan agreement between CDP and TBC—CDP’s second transaction in Georgia—will significantly support MSMEs, the backbone of our economies. Beyond mobilizing financial resources, this agreement also enables the sharing of best practices, further contributing to business development and economic growth,” said Massimiliano D’Antuono, Ambassador of Italy to Georgia.
The signing ceremony took place at the TBC Concept space and was attended by Vakhtang Butskhrikidze, CEO of TBC Group; Giorgi Megrelishvili, Chief Financial Officer of TBC; Andres Felipe Gomez, Regional Manager at IFC; Tea Gigiberia, IFC Country Representative in Georgia; Cristina Morelli, Head of Sovereign, Financial Institutions and Corporate Finance at CDP; and Massimiliano D’Antuono, Ambassador of Italy to Georgia.
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