TBCG signed an agreement with EBRD

  • On 27th December 2019, TBC Bank Group PLC (LON:TBCG) announces that its subsidiary, JSC TBC Bank, has signed three loan agreements with the European Bank for Reconstruction and Development (EBRD), for a total consideration of USD 23 million equivalent in Georgian Lari (GEL).
  • In green technology, the funding will be available for investments, especially in mitigation technologies and climate adaptation.
  • The financial package comprises a comprehensive technical advisory package, assisted by the Austrian Federal Ministry of Finance and co-financed by the GCF (Green Climate Fund), which will help to verify and originate green investment prospects.
  • Possible investments contain technologies such as photovoltaic solar panels, water efficient irrigation systems, thermal insulation, and geothermal heat pumps.
  • In Georgia, the businesses can recognise typical green technologies through the GEFF consultants.

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