Last Updated March 19, 2008
TBC Bank in Georgia has received a US$30mn financing facility from BNP Paribas. The funds are to finance its clients' capital goods import contracts.
The facility has been granted via a multisource framework agreement, an agreement aimed at facilitating the financing of commercial contracts for the supply of capital goods and services by companies from OECD countries.
The bank is one of the largest in the Georgian market. Shareholders of the bank are International Finance Corporation and Deutsche Investitions- und Entwicklungsgesellschaft, along with individual Georgian investors.
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