Swedfund invests in the Georgian financial sector

Swedfund International AB is participating with MUSD 10 in a long-term subordinated loan facility to TBC Bank in Georgia arranged by FMO, the Dutch development bank.

The purpose of the loan is to support the development of the Georgian financial sector and to enable TBC Bank to further expand its financing capabilities across the country.

TBC Bank is the second largest universal bank in Georgia and has a strong and growing position serving micro, small and medium enterprises.