Team Europe: EIB to invest €25 million to aid recovery of Georgian enterprises from COVID-19 pandemic and expand a credit line with TBC Bank JSC

  • The EU bank will top up its existing credit line at the TBC Bank to a total of €81 million to support the recovery of Georgian SMEs from the pandemic, extending coverage to include mid-caps.
  • The operation is part of the Team Europe’s COVID-19 emergency response to help sustain jobs, maintain liquidity and operations, and fuel the economic recovery of Georgia.
  • Since 2007, the EU bank has invested close to €2 billion in all key sectors of the Georgian economy, including connectivity, healthcare and SMEs.

Other news