The Asian Development Bank (ADB) has approved a GEL 270 million (approximately $100 million) loan to JSC TBC Bank (TBC Bank) to expand access to affordable financing for micro, small, and medium-sized enterprises (MSMEs) in Georgia.
Up to 70% of the loan will be allocated to MSMEs, of which at least 20% will support women-owned and -led enterprises and at least 30% will finance eligible green investments that meet the National Bank of Georgia’s green taxonomy.
“Strengthening the private sector is a core priority for ADB. MSMEs, in particular, are the backbone of the Georgian economy, and we are committed to supporting their growth, expansion, and improved access to financing,” said ADB Country Director for Georgia Lesley Bearman Lahm. “TBC Bank is a long-standing partner, and we expect this new collaboration to deliver long-lasting, sustainable, and inclusive economic growth in Georgia.”
The partnership will enable MSMEs to access stable, affordable, and longer-tenor loans to grow their businesses and create jobs. It will also expand access to tailored green financing solutions, helping businesses adopt low-carbon and sustainable practices and strengthen their resilience to extreme weather events. The project aims to contribute to Georgia’s goal of reducing greenhouse gas emissions by 35% from 1990 levels by 2030 and boosting MSMEs’ capacity to contribute further to the national economy.
ADB will also provide $250,000 in technical assistance to support TBC Bank in building in-house green finance capacity and enhancing tools for estimating and reporting borrowers’ greenhouse gas impacts.
“We are grateful for our strong and long-standing partnership with ADB and its continued support. This financing will further strengthen TBC Bank’s ability to support MSMEs across Georgia by providing them with greater access to long-term funding,” said TBC Bank CEO Vakhtang Butskhrikidze. “Supporting MSMEs, women-led businesses, and green investments are fully aligned with our strategy and will contribute to inclusive and resilient economic growth in Georgia.”
The project will strengthen rural outreach through TBC Bank’s extensive network, helping stimulate business growth, increase local incomes, and create more jobs. It aligns with ADB’s country partnership strategy for Georgia, 2024–2028, which includes a focus on financing private sector investments, fostering small business development, and supporting the adoption of environmentally sustainable practices.
TBC Bank is a leading financial services group in Georgia, operating across retail, corporate, and MSME segments. As of 30 September 2025, it held a 37.2% total market share of customer loans and a 37.2% share of customer deposits, according to data published by the National Bank of Georgia. TBC Bank is owned by TBC Bank Group PLC (TBC PLC), which is listed on the London Stock Exchange under the ticker symbol TBCG and is a constituent of the FTSE 250 Index. TBC PLC is also a member of the FTSE4Good Index Series and the MSCI United Kingdom Small Cap Index.
ADB has supported Georgia since 2007 and is the country’s largest multilateral development partner. ADB’s cumulative assistance—loans, grants, and technical assistance—to Georgia exceeds $5 billion, including about $1 billion in private sector investments. Through its five-year country partnership strategy, ADB aims to help Georgia develop into a green and inclusive regional gateway, while supporting sovereign and private sector investments, policy reforms, capacity building, resilient infrastructure, and regional integration.
ADB is a leading multilateral development bank supporting inclusive, resilient, and sustainable growth across Asia and the Pacific. Working with its members and partners to solve complex challenges together, ADB harnesses innovative financial tools and strategic partnerships to transform lives, build quality infrastructure, and safeguard our planet. Founded in 1966, ADB is owned by 69 members—50 from the region.
