Black Sea Trade and Development Bank (BSTDB) granted the non-banking credit organization LLC TBC Credit a credit totaling $ 4 million.
As reported in the organization, the funds raised will be directed to the development of small and medium-sized enterprises in Azerbaijan.
For the previous year, the company received several loans totaling $ 8.5 million from international financial institutions, among which, there are MicroVest, ResponsAbility Social Investments AG and Triple Jump. Also, for a long time TBC Credit has successfully cooperated with OPIC (Overseas Private Investment Corporation, USA) and the European Bank for Reconstruction and Development (EBRD).
Non-bank credit organization TBC Credit has been operating in Azerbaijan since 1999. Since December 2007, 75% of the company has been owned by the leading Georgian bank TBC Bank and 25% - by ShoreBank International Ltd. -15D -
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