BAKU, Azerbaijan, November 1. The Black Sea
Trade and Development Bank (BSTDB) is extending a new EUR 10
million loan to TBC Leasing, a leading provider of financial lease
services in Georgia, Trend reports via the Bank.
The BSTDB funds will be used to finance leases of production
equipment and commercial vehicles for local SMEs, enabling
businesses to invest in growth, modernize their operations, and
strengthen competitiveness. The operation is expected to promote
job creation, income generation, improved companies’
infrastructure, and increased trade turnover.
This marks the fifth facility provided by BSTDB to TBC Leasing,
highlighting the Bank’s continued commitment to supporting small
and medium-sized enterprises (SMEs) and the development of
Georgia’s financial sector.
Dating back to 2007, BSTDB’s partnership with TBC Leasing has a
proven track record of impact. Previous four facilities have
financed nearly 150 leasing transactions worth a total of USD 15
million, providing Georgian companies with crucial access to
capital assets. The new loan is expected to deliver a similar
boost.
