Georgian media reports that Georgian TBC Bank and the European Bank of Reconstruction and Development (EBRD) have completed work on a credit agreement to the amount of $10 million for the Caucasus Energy Security Program.
The bank will finance projects of small and medium sized businesses as well as corporate clients in the field of energy security and renewable energy using this resource.
Note, the TBC Bank was one of the first Georgian banks to receive a similar resource to the sum of $10 million in 2007.
