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TBC Bank is Ranked as the 1st by Assets, While – the 2nd by Profit

TBC Bank is Ranked as the 1st by Assets, While – the 2nd by Profit

TBC Bank is on the 3rd position with profitability after Bank of Georgia and Liberty Bank.

As of January 1, ROE amounts to 2.73% (2016 – 3.60%), ROA – 30.03% (2016 – 3.6%; 21.70%).

The bank is ranked on the 2nd position – 295 665 million GEL (2016 – 256.3 million) and 34% share (among 15 profitable banks). TBC Bank ranked as the 2nd with 36.8%-share in 2016 (13). The bank was the 2nd by assets (2016 – 9.039 billion; 29.98%).

The bank finished 2017 with 12.606 billion GEL (+39.5% y-o-y). Now the bank is presented with 36.4%-share by this time, the rate is increased by 6.46% (+21.5% y-o-y).

Vakhtang Butskhrikidze, CEO of the bank declared to GBC on enlargement of portfolio and adding of consumer bases. He regarded merger of Bank Republic as the main success of 2017 and its acceleration, as the process finished in May instead of September.

TBC Bank purchased several portfolios of the banks through the last three years: Progress Bank, ProCredit Bank, Bank Cosntanta. The bank is presented with a portfolio of 8.528 billion GEL by January 1 (2016 – 5.897 billion; +44.6% y-o-y); share is 38.2%.