TBC and FMO have signed a USD 30 million Nasira portfolio guarantee. Co-funded by the European Commission, NASIRA is one of FMO’s most innovative programs which aims to support access to finance for local MSMEs by sharing the credit losses of loan portfolios.

The partnership through the portfolio guarantee reflects TBC’sand FMO’s shared commitment to strengthen Georgia’s inclusive economic growth. TBC as a largest MSME lender in Georgia has been actively bringing new initiatives and innovative financing solutions to the market to support MSMEs;The proposed risk-sharing facility will further scale up TBC’s ability to finance Georgian MSMEs with a focus on young entrepreneurs, start-ups, woman owned-led businesses and rural businesses, who face the most challenges in accessing funding.

“We are happy to continue our strategic partnership with the FMO and announce the successful completion of another important transaction - Nasira portfolio guarantee. The Risk sharing facility will allow TBC to accelerate financing for underserved SMEs, with special focus, on rural entities and smallholders, women entrepreneurs and start-ups, thereby strengthening their competitiveness and supporting country’s sustainable economic development.” said Vakhtang Butskhrikidze, CEO of JSC TBC Bank.

“Since 2008, TBC Bank and FMO have built a strong and lasting partnership. We are thankful for TBC’s willingness to further venture into new territories with the Nasira guarantee. As the largest bank in Georgia, a commitment of TBC to deploy the guarantee facilityis expected to advance and support financial inclusion in the country, which fully aligns with FMO’s strategy,’’ Juan Jose Dada Ortiz, Director of Financial Institutions at FMO.

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