Advertisement
UK markets closed

  • FTSE 100

    8,139.83
    +60.97 (+0.75%)
     

  • FTSE 250

    19,824.16
    +222.18 (+1.13%)
     

  • AIM

    755.28
    +2.16 (+0.29%)
     

  • GBP/EUR

    1.1679
    +0.0022 (+0.19%)
     

  • GBP/USD

    1.2494
    -0.0017 (-0.13%)
     

  • Bitcoin GBP

    50,425.73
    -1,034.80 (-2.01%)
     

  • CMC Crypto 200

    1,304.48
    -92.06 (-6.59%)
     

  • S&P 500

    5,099.96
    +51.54 (+1.02%)
     

  • DOW

    38,239.66
    +153.86 (+0.40%)
     

  • CRUDE OIL

    83.66
    +0.09 (+0.11%)
     

  • GOLD FUTURES

    2,349.60
    +7.10 (+0.30%)
     

  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     

  • HANG SENG

    17,651.15
    +366.61 (+2.12%)
     

  • DAX

    18,161.01
    +243.73 (+1.36%)
     

  • CAC 40

    8,088.24
    +71.59 (+0.89%)
     
PROPERTY:

9 luxury homes to consider if money is no object

Ever thought about what a multimillion pound budget would buy you?

Georgian TBC Bank JSC receives $34 mln loan from EIB

Reuters - UK Focus

TBILISI, Feb 28 (Reuters) - Georgia's biggest retail bank TBC Bank Group Plc said on Thursday its corporate subsidiary TBC Bank JSC had received $34 million loan from the European Investment Bank (EIB).

TBC Bank JSC, which has been in a dispute with the National Bank of Georgia, said the EIB's five-year loan facility would primarily be used to finance small and medium-size enterprises in Georgia.

"This loan will further contribute to the positive development of the bank and our SME clients in various sectors of the economy, boosting job-creation and long lasting benefits for the country," CEO Vakhtang Butskhrikidze said.

Last week, TBC Bank JSC said it would end legal action against the central bank, would pay it about 1 million lari ($377,000) and restructure its supervisory board. (Reporting by Margarita Antidze; editing by Jane Merriman)