June 8, 2007

Deutsche Bank mandated to arrange $40mn Syndicated Term Loan for TBC Bank, Georgia

Deutsche Bank AG London (“Deutsche Bank”) has been mandated to arrange a $40mn Syndicated Term Loan for TBC Bank, Georgia. This will be the first time that TBC Bank raises finance in the conventional syndicated loan market.  

TBC Bank is the second largest bank in Georgia with total assets as of 31 December 2006 of eq. US$ 574mn.  The bank has long term foreign currency ratings of   B3 from Moody’s and B- (positive outlook) from Fitch.  TBC Bank has approx. 25% of the country’s total bank assets.

The Mandated Lead Arranger will shortly launch the syndication.

The key terms of the loan are as follows:

Tenor:                1 year (plus extension option)
Margin:                2.50% p.a.

For further information, please call:

Deutsche Bank

Ben Dobson        
Corporate and Investment Bank (+44 20) 7545 8572

Oonagh Baerveldt        
Press and Media Relations (+44 20) 7547 1605

About Deutsche Bank

Deutsche Bank is a leading global investment bank with a strong and profitable private clients franchise. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With 73,114 employees in 75 countries, Deutsche Bank offers unparalleled financial services throughout the world. The bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.


About TBC Bank

TBC Bank is one of the the leading banks in Georgia and has been carrying out banking and foreign exchange activities since January 1993. TBC Bank has 18 branches throughout Tbilisi and other key cities in Georgia, providing commercial banking services to a total corporate customer base of over 20,000 clients and a retail customer base of around 180,000 clients (Georgian population for 2006 – 4,66 million).