TBC has attracted approximately GEL 200 million equivalent in foreign-currency funding from J.P. Morgan and several European commercial banks under the Asian Development Bank’s (ADB) Trade Finance Program.
The financing will increase access to trade finance for local businesses, helping Georgian companies strengthen their positions in international markets. It will also enable export- and import-oriented enterprises to streamline trade operations and expand their businesses with greater flexibility and reduced risk.
“Securing financial resources from some of the world’s leading financial institutions is a strong vote of confidence in TBC and its long-term strategy. At the same time, this partnership creates new opportunities to further expand businesses’ access to financing and support the development of various sectors of the economy.
The cooperation allows us to offer the private sector more flexible and comprehensive trade finance solutions, enhance our existing services, and deliver modern financial products tailored to our customers’ evolving needs. This approach has enabled TBC to maintain its leadership position with a 45% market share, supporting more than 1,000 companies with trade finance services both in Georgia and internationally,” said Tamar Khizanishvili, Director of Trade Finance and Factoring Department at TBC.
“ADB’s long-standing partnership with TBC demonstrates how trade finance can effectively mobilize liquidity to meet the needs of the real economy. Through cooperation with global and regional financial institutions, we aim to strengthen trade flows, expand access to finance for small and medium-sized enterprises, and enhance supply chain resilience across developing markets,” said Jan Sutken, Head of the Trade and Supply Chain Finance Program Division at the Asian Development Bank.
The partnership between TBC and ADB dates back to 2011 and encompasses not only the Trade Finance Program but also a range of financial and technical assistance initiatives aimed at supporting the development of Georgia’s financial sector and business environment.
ADB’s Trade and Supply Chain Finance Program provides guarantees and loans through a network of more than 200 partner banks worldwide. The program facilitates international trade and helps businesses access export and import opportunities. It plays an important role in promoting trade diversification both globally and across the Asia-Pacific region. Since 2009, the program has supported more than USD 74 billion in trade finance transactions, with a particular focus on sectors that contribute to sustainable growth and regional integration.
The Asian Development Bank is a leading multilateral development institution dedicated to promoting sustainable and inclusive growth across Asia and the Pacific. Through innovative financial instruments and strategic partnerships, ADB works to improve lives, develop quality infrastructure, and protect the environment.
