Award from Euromoney Magazine TBC Bank was named the “Best Bank in Georgia 2016” by Euromoney Magazine for the fifth time in the past six years, having also won the award in 2011, 2012, 2014, and 2015.
The editorial team commented that TBC Bank earned this year’s country award in recognition of its superior profitability and balanced growth strategy. TBC Bank’s robust loan growth, improved efficiency, and good progress on diversification of its loan portfolio were highlighted as important achievements against the backdrop of a challenging economic environment in the wider region.
“We are very proud to receive the “Best Bank in Georgia” award for the fifth time since 2011. This award recognises the hard work and dedication of the whole team, which is reflected in our strong financial performance year after year and our leading market position” remarked Vakhtang Butskhrikidze, TBC Bank’s Chief Executive Officer.
About the Awards for Excellence Now in its 25th year, the Awards for Excellence continues to be one of the most respected honours in the financial services industry. The Awards cover more than 20 global product categories, best-in-class awards in all regions and the best banks in close to 100 countries around the world. The full list of winners will be published in Euromoney’s July 2016 issue and online at the publication’s website.