TBC Bank receives extra financing

TBC Bank announced that it has received funding of more than USD 54 million from three major international institutions. IFC (International Finance Corporation) allotted USD 31.65 million, EBRD (European Bank for Reconstruction and Development) – USD 14.7 million and the Dutch financial institution – USD 8 million. The funds will be used to finance corporate and retail clients and for the further development of TBC bank activities.