Georgia's TBC bank and ResponsAbility investments sign loan agreement
Baku, Azerbaijan, July 22
By Tamilla Mammadova – Trend
JSC TBC Bank (TBC Bank) of Georgia, the subsidiary of TBC Bank Group PLC (TBC PLC), has signed a loan agreement worth $10 million with ResponsAbility Investments AG, Trend reports via TBC Bank.
The mentioned amount will primarily be used to finance small and medium size enterprises in Georgia.
The sum will allow TBC Bank to service more of its SME customers, while allowing large-scale investors access to a unique pool of assets that offer both attractive returns and anengagement in impact investments.
JP Morgan acted as the arranger and placement agent of securitization, and US Government agency Overseas Private Investment Agency (OPIC) provided the base capital to initiate participation from private institutional investors.
ResponsAbility Investments AG is an asset manager in the field of development investments and offers professionally-managed investment solutions to private, institutional and public investors. Based in Zürich, Switzerland, ResponsAbility Investments AG is one of the world’s leading asset managers in the field of development investments. It was established in 2003 and has investments in 90 countries. ResponsAbility Investments AG has $3 bn assets under its management.