TBC Bank : signs syndicated loan agreement of USD 106.5 million with FMO and OFID

This is the second syndicated loan agreement arranged by FMO (Netherlands Development Finance Company), TBC's long-standing partner. The loan facility is provided in syndication with OFID (OPEC Fund for International Development). Other participants, financing USD 56.5 million in total are Symbiotics (through its MSME Bond Platform); Atlantic Forfaitierungs AG; London Forfaiting Company Limited and undisclosed institutional investors through FMO's syndications platform.

The FMO funding enables TBC Bank to further support micro, small and medium-sized enterprise (MSME) financing in Georgia, while the OFID portion of the facility will support international trade finance projects.

'We are proud to have built such a successful relationship with FMO, TBC Bank's long standing partner, as well as OFID and other participants of the syndicate. The size of this funding clearly indicates the success of our previous syndicated loan and our matured partnership. This large facility will help TBC Bank to further strengthen its leading position in the MSME segment,' Commented Vakhtang Butskhrikidze, CEO of TBC Bank.

FMO's Chief Investment Officer Linda Broekhuizen commented: 'FMO is proud to have arranged this groundbreaking syndicated credit line for TBC, bringing also new investors to Georgia. It will enable TBC to continue its growth and helps support job creation in the country.'

OFID Director-General Suleiman J. Al-Herbish said: 'The financial sector of a country underpins economic stability and growth; it is central to poverty reduction and development. OFID is committed to supporting international trade. Channelling funds through financial intermediaries such as TBC Bank furthers our reach and impact when it comes to supporting sustainable development. This loan agreement is in line with our commitment to developing countries across the globe.'

For further enquiries, please contact:
Head of Investor Relations
Anna Romelashvili
ir@tbcbank.com.ge

About 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.

TBC Bank, together with its subsidiaries, is the leading universal banking group in Georgia, with a total market share of 38.0% of loans and 39.8% of non-banking deposits as at 30 June 2017, according to the data published by the National Bank of Georgia.

About FMO
FMO (the Netherlands Development Finance Company) supports sustainable private sector growth in developing and emerging markets, focusing on three sectors that have high development impact: financial institutions, energy, and agribusiness, food & water. With an investment portfolio of EUR 9.0 billion, FMO is one of the largest European bilateral private sector development banks. For more information, please visit www.fmo.nl.

About OFID
OFID is the development finance institution established by the Member States of OPEC in 1976 as a channel of aid to developing countries. OFID works in cooperation with developing country partners and the international donor community to stimulate economic growth and alleviate poverty in all disadvantaged regions of the world. It does this by providing financing to build essential infrastructure, strengthen social services delivery and promote productivity, competitiveness and trade. OFID's work is people-centered, focusing on projects that meet basic needs-such as food, energy, clean water and sanitation, healthcare and education. OFID aims to encourage self-reliance and inspire hope for the future.