TBC Bank : EBRD has named TBC Bank as the “Most Active Issuing Bank in Georgia” in Trade Finance

TBC Bank has been named as one of the winners of the prestigious annual Trade Facilitation Programme ('TFP') Awards by the European Bank for Reconstruction and Development ('EBRD') and has been recognized as the 'Most Active Issuing Bank in Georgia in 2019 in Trade Finance'. TBC Bank has not only been a leader in trade finance, but it has also actively collaborated with the EBRD on capacity enhancement and new advanced trade finance products development.

On the announcement of the TFP Awards, Francis Malige, EBRD Managing Director, Financial Institutions said: 'Trade finance is key to boosting economic development and growth across the EBRD's regions of operations. Our partner banks help to make this happen, by providing the financial means and support that allow companies to identify, explore and conquer new markets. Through our annual TFP awards, we are proud to recognize the achievements of partner banks in 27 countries, which are making a real impact and creatively use EBRD's financing products to support international trade.'

Vakhtang Butskhrikidze, Chief Executive Officer of TBC Bank, commented: We are honoured to have been a member of the EBRD Trade Facilitation Programme since 1999. We actively support the trade finance activities of Georgian companies, and in recognition of our efforts at the beginning of 2020, TBC Bank won several prestigious trade finance awards. We have been named as the 'Best Trade Finance Provider in Georgia in 2020' by Global Finance and the 'Market Leader and Best Service Provider in the Trade Finance Survey 2020' by Euromoney. In addition, we have signed a USD 67 million trade finance facility with Citi this year.

TBC Bank has received the above-mentioned award for the sixth consecutive year.

About EBRD
The EBRD is a leading institutional investor in Georgia. Since the start of its operations in the country, the Bank has invested over €3.6 billion in 239 projects in the financial, corporate, infrastructure and energy sectors, with 89 per cent of these investments in the private sector. The EBRD is a multilateral bank committed to the development of market-oriented economies and the promotion of private and entrepreneurial initiative in more than 30 countries from Morocco to Mongolia and from Estonia to Egypt. The Bank is owned by 64 countries, the EU and the EIB. For more information please visit www.ebrd.com.

About EBRD Trade Facilitation Programme (TFP)
The EBRD Trade Facilitation Programme (TFP), established in 1999, aims to support international trade in countries where the European Bank for Reconstruction and Development is investing. Within the programme, EBRD will issue guarantees to partner banks to support local exporters, importers and distributors. To date, the Trade Facilitation Programme exceeds €5 billion in 30 countries and in 2020, the Programme stepped up its support, providing amplified financing for trade with a record EUR 1.5 billion in the first five months of the year. EBRD TFP Awards recognize successful partner banks from three continents and banks in a total of 27 countries were honoured this year. The TFP currently includes over 120 issuing/partner banks in 30 economies, with limits exceeding €5 billion in total and more than 800 confirming banks worldwide.

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About TBC Bank Group PLC ('TBC PLC')

TBC PLC is a public limited company registered in England and Wales that was incorporated in February 2016. TBC PLC became the parent company of JSC TBC Bank ('TBC Bank') on 10 August 2016. TBC PLC is listed on the London Stock Exchange under the symbol TBCG and is a constituent of the FTSE 250 Index.

TBC Bank, together with its subsidiaries, is the leading universal banking group in Georgia, with a total market share of 39.4% of loans and 39.8% of non-banking deposits as of 31 March 2020, according to data published by the National Bank of Georgia.