TBC Bank named Best Private Bank in Georgia in 2014 by The Banker and Professional Wealth Management (PWM) Magazines. The Banker and PWM extend the prestigious competition to Georgia for the first time.
According to an announcement from the publications, 136 banks from 60 countries were considered for the awards by 15 private banking industry experts. TBC Bank was commended for its ability to effectively reach non-resident Wealth Management clients through its representative office in Israel, and its successful application of multichannel capabilities in the private banking lines.
Commenting on the news, Vakhtang Butskhrikidze, TBC Bank’s Chief Executive Officer said: “We are very proud of this pioneering achievement in the field of private banking. TBC Bank’s VIP Banking, introduced in 2005, was one of the first services of its kind to be established in the Georgian market. It has since developed into a strong brand renowned for bespoke relationship management, highly-tailored products and world-class staff expertise. This prestigious award from The Banker and PWM Magazine brings welcome recognition for the long-standing excellence of our private banking business lines.”
The annual Awards recognize players that are emerging as industry leaders in private banking. Private banks operating in Europe, Asia, North America, Middle East, Latin America and Africa, or globally, are evaluated against a set of growth and performance measures, as well as on their particular private banking services.