OREANDA-NEWS. December 28, 2012. TBC Bank’s international financial institution (IFI) shareholders signed an agreement today to make additional capital investments in the Bank in the amount of GEL 25,415,338.50. Financing is sourced from IFC (International Financial Corporation), member of the World Bank Group, EBRD (European Bank for Reconstruction and Development), DEG (Deutsche Investitions- und Entwicklungsgesellschaft mbH), a subsidiary of KfW, and FMO (Nederlandsche Financierings-Maatschappij voor Ontwikkelingslanden N.V.). One of TBC Bank’s minority shareholders has also contributed to the transaction.

The additional equity will further strengthen TBC Bank’s capital and will be used to finance the Bank’s growth and development over the coming years.

The Bank’s shareholder contributions have been vital to its sustainable and successful development and this capital injection will ensure that the Bank is on track to fulfilling its strategic objectives.