OREANDA-NEWS. The Black Sea Trade and Development Bank (BSTDB) provided a USD 10 million SME Facility to the Georgian TBC Bank. The loan proceeds will finance investment and working capital of small- and medium-sized enterprises (SMEs) in Georgia, particularly those in the real sectors of economy, stimulating regional trade and employment.

"We are pleased to enhance our partnership with TBC Bank, which started in 2003. This third loan agreement demonstrates BSTDB's consistent support to the Georgian economy and banking sector. Facilitating small business development as a backbone of market economy will remain our strategic priority in Georgia and other countries of the Black Sea region in the years to come", said Ihsan Ugur Delikanli, BSTDB President.

"We are delighted to continue our partnership with Black Sea Trade and Development Bank. This facility will help TBC Bank to strengthen its position in the SME segment by expanding lending to small and medium size enterprises. This transaction reflects both institutions' commitment to continue cooperation and we look forward to more years of productive partnership", commented Vakhtang Butskhrikidze, CEO of TBC Bank.