FMO, the Dutch entrepreneurial development bank, has successfully arranged a USD 210 million syndicated loan facility for JSC TBC Bank, Georgia's leading financial institution. The financing will expand access to finance for micro, small and medium-sized enterprises (MSMEs), with a particular focus on agricultural, rural and youth entrepreneurs, while also supporting the country's green transition.
Acting as Mandated Lead Arranger and Facility Agent, FMO brought together a diverse syndicate of international financial institutions, demonstrating strong investor confidence in Georgia's financial sector and development prospects. The syndicate includes Mashreq Bank, Abu Dhabi Commercial Bank (ADCB), Commercial Bank of Dubai (CBD), Commerzbank, and BlueOrchard Microfinance Fund (BOMF). At least 30% of the facility will be allocated to eligible green projects, supporting sustainable investments across Georgia and contributing to more resilient and inclusive economic growth.
The transaction builds on a long-standing partnership between FMO and TBC Bank, which spans nearly two decades. By bringing together both new and existing financing partners, the facility broadens the pool of international capital available to Georgia's private sector and underscores the growing role of institutional investors in supporting development outcomes.
Huib-Jan de Ruijter, Co-Chief Investment Officer at FMO, said: "We are proud to have arranged this landmark financing for TBC Bank, reflecting both the strength of our long-standing partnership and the confidence international investors place in Georgia's financial sector. Mobilizing private capital is central to FMO's strategy, and this transaction demonstrates how we can bring together a diverse group of financial institutions to support development at scale. By expanding access to finance for MSMEs while dedicating funding to green projects and underserved segments, including rural and youth entrepreneurs, this facility will contribute to sustainable and inclusive growth in Georgia."
George Tkhelidze, CEO of JSC TBC Bank, said: "We are pleased to have secured this landmark facility with six leading international financing partners under the lead arrangement of FMO. This transaction further reinforces TBC's liquidity position and supports our long-term sustainable growth strategy, with a continued strong emphasis on inclusive financing, which remains a shared objective across the syndicate. Our relationship with FMO dates back to TBC's first subordinated facility almost two decades ago, and this latest benchmark transaction reflects the continuity of our long-standing partnership. We are also delighted to welcome new institutional investors into the syndicate, providing a strong platform for further collaboration going forward. We would like to sincerely thank FMO for arranging this transaction, as well as all syndicate members for their trust and valuable contribution."
Syndications are a key part of FMO's strategy to mobilize private capital for emerging markets. By leveraging its long-standing relationships with international commercial banks, institutional investors and development finance partners, FMO helps channel additional funding to markets and sectors where financing remains limited. Through this approach, FMO extends its development impact well beyond its own balance sheet, enabling larger financing packages and attracting new investors to high-impact opportunities.
FMO is the Dutch entrepreneurial development bank. As a leading impact investor, FMO supports sustainable private sector growth in developing countries and emerging markets by investing in ambitious projects and entrepreneurs. FMO believes that a strong private sector leads to economic and social development and has a 55+ year proven track record in empowering entrepreneurs to make local economies more inclusive, productive, resilient and sustainable. FMO focuses on three sectors that have high development impact: Agribusiness, Food & Forestry, Energy, and Financial Institutions. With a committed portfolio of approximately EUR 15 billion spanning more than 85 countries, FMO is one of the larger bilateral private sector development banks globally.
