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| 2003 |
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May 23
The company “South-East European Development Fund” became a shareholder of JSC TBC Bank, with 25% equity participation.
On
September 9, TBC Bank was nominated among the “the Best Banks of the
Year” in the annual rating of the “Banker” Magazine of the Financial
Times Group, for the second time in a raw.
On December 5, a 2
million EURO and 3 million USD worth agreement on risk insurance was
signed between TBC Bank and the International Finance Corporation
(IFC).
On December 19, an agreement was signed between TBC
Bank and EBRD on allocation of a 6 million USD worth credit line. This
was the first investment in the Georgian commercial sector since “Rose
Revolution” in 2003.
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