BSTDB Expands Support to Georgian SMEs and Trade with Combined Financing to Terabank

BSTDB Expands Support to Georgian SMEs and Trade with Combined Financing to Terabank

Press Release | 21-Oct-2025

New financing to boost entrepreneurship, job creation, and cross-border trade

The Black Sea Trade and Development Bank (BSTDB) has reinforced its partnership with Terabank JSC, a long-standing financial intermediary in Georgia, by approving a new EUR 5 million five-year SME Facility and increasing its existing Trade Finance Facility by USD 2 million to USD 7 million.

The new SME Facility will provide Terabank with long-term funding to on-lend to eligible small and medium-sized enterprises (SMEs) across Georgia. The operation is expected to generate additional tax revenues through increased business activity, create jobs, and stimulate multiplier effects across different sectors of the Georgian economy.

At the same time, the expansion of the Trade Finance Facility will enable Terabank to extend more financing to Georgian exporters and importers, thereby improving their competitiveness and facilitating stronger trade flows within the region and with other BSTDB Member Countries.

This dual support package underscores BSTDB's commitment to strengthening the entrepreneurial ecosystem in Georgia by improving access to finance for domestic businesses, promoting institutional development of Terabank, and advancing job creation, income generation, and trade expansion.

Welcoming the new agreement, Dr. Serhat Köksal, BSTDB President said: "With this new financing package, BSTDB is deepening its cooperation with Terabank to empower Georgian entrepreneurs and strengthen the country's role in regional trade. Supporting SMEs and trade is central to our mandate, as it fuels innovation, creates jobs, and drives sustainable growth. Together with Terabank, we are helping Georgian businesses unlock new opportunities and enhance their competitiveness at home and abroad."

"We greatly value our long-standing partnership with BSTDB, which remains an important contributor to Georgia's business development. This new financing package further strengthens our ability to empower small and medium-sized enterprises, the backbone of our economy, by improving their access to long-term funding and trade opportunities." noted Thea Lortkipanidze, CEO of Terabank.

Terabankhas been a key player in Georgia's financial sector since 1999. As a universal bank, it delivers a wide range of high-quality and adaptable services to both individuals and businesses. Its strategic focus is on supporting small and medium-sized enterprises (SMEs), positioning itself as a dependable partner that fosters their growth and success. The bank emphasizes rapid expansion, innovation, and technological advancement. Its core values include personalized, secure, and trustworthy service, achieved through strong teamwork, accountability, and ongoing development.

Details: https://www.terabank.ge

The Black Sea Trade and Development Bank (BSTDB) is an international financial institution established by Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Türkiye, and Ukraine. The BSTDB headquarters are in Thessaloniki, Greece. BSTDB supports economic development and regional cooperation by providing loans, credit lines, equity and guarantees for projects and trade financing in the public and private sectors in its member countries. The authorized capital of the Bank is EUR 3.45 billion. For information on BSTDB, visit https://www.bstdb.org.

Contact: Haroula Christodoulou

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