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Vakhtang Butskhrikidze – 2014 was a historic year for the Bank

TBC Bank’s CEO Vakhtang Butskhrikidze summarized the results of year 2014. According to hem, TBC Bank’s main achievements in 2014 were the following:

  • TBC Bank became #1 bank on the retail market according to the individual deposits and loans.;
  • TBC Bank made the largest among Georgian companies offering on London Stock Exchange;
  • TBC Bank successfully finalized the merger of Bank Constanta and increased the microfinance portfolio up to 40 million lari;

Major financial indicators grew dynamically during 2014 and reached the maximum result. In particular, total assets grew to GEL 5 billion 432 million, loans disbursed to clients – to GEL 3 billion 706 million, balance on client accounts reached GEL  3 billion 322 million and the shareholder equity – GEL 1 billion 19 million.

In 2014 TBC Bank made the largest among Georgian companies Initial Public Offering on London Stock Exchange.