NOV. 22 2022 (The Bulletin) — The European Bank for Reconstruction and Development (EBRD) cut its stake in Georgia’s TBC Bank to 3.5% from 5% (Nov. 22). The EBRD bought a stake in TBC Bank, the biggest lender in Georgia and now listed on the London Stock Exchange, in 2009 as part of a wider funding project. Georgia’s banks have performed this well as the economy has bounced back from the Covid lockdowns and proved resilient against the war in Ukraine.
ENDS
— This story was published in issue 530 of the Central Asia & South Caucasus Bulletin, on Dec. 4 2022
— Copyright the Central Asia & South Caucasus Bulletin 2022