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TBC Bank Withdraws all Court Cases Against the National Bank of Georgia

Over the last few days, we have had detailed discussions around events concerning TBC Bank. Regarding this, NBG announces the following: Announcement from TBC Bank  Since TBC Bank takes into account the possible damage to the country’s investment image and respects the role of the National Bank, as a qualified …

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Mamuka Khazaradze: I Have Made Decision to Quit TBC Bank

Mamuka Khazaradze has released a special statement in the social network: “Dear friends, Tbilisi residents, those, who back me and TBC team! First of all, I would like to thank you for your 27-year friendship, support and joint business. Our life is full of episodes, when we have to take …

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Mamuka Khazaradze: Commercial Bank is not to Fund Startups

A commercial bank is not an institution that funds startups, TBC Bank co-founder Mamuka Khazaradze noted when delivering his speech before students of University of Caucasus. “Regretfully, nobody talks about the main thing that is required for launching these startups. Everybody points to commercial banks. The bank is not an …

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Business Ombudsman Offers TBC Founders to Hold Meeting

Irakli Lekvinadze

“We are ready to hold a meeting with TBC Bank founders if they have such information that we can share to each other. I am ready as a Business Ombudsman to have more information, Business Ombudsman of Georgia Irakli Lekvinadze noted. The information spread about the bank founders and information …

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TBC Bank Chair And Deputy Chair Asked To Resign From Unit By Regulator

TBC Bank received a letter from National Bank of Georgia (NBG) with the request that the head of the supervisory board and deputy head of the supervisory board leave the board membership within two months. The regulator’s request is related to the 2007-2008 specific transactions, which NBG classifies as a …

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Terabank Publishes Successful Financial Indicators for 2018

The year 2018 ended with successful financial indicators for terabank. The bank has demonstrated a positive dynamic of growth. The bank’s gross loan amount grew by 17.9% in 2018, amounting to a total of GEL 105.6 million. SME and microloans increased by GEL 98.1 million (42.3%) in the small and …

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French Ambassador: Developed Events Around TBC Bank are Strange

According to the French Ambassador to Georgia Pascal Meunier, the developed events around TBC Bank raise some questions. According to the French Diplomat, negative signals come from Georgia regarding justice in recent months. ”The events around TBC Bank are strange. Such things are associated with me for the past. This …

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Georgian Banks Ranked by 2018 Earnings

Georgian commercial banks have published 2018 financial reports. The leader of banking sector is TBC bank which had accumulated a net profit of 361 million GEL in 2018. Bank of Georgia in on the second place, with a profit of 342 million GEL. Liberty Bank took the third place with a net profit …

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Visa and SPACE Neobank Offer Banking Card Delivery to its Consumers

Visa and Space Neobank, powered by the Georgia’s largest bank TBC, launch delivery service for Space consumers in Georgia. Fully digital bank Space provides customers with smart range of retail banking services including bill payments, loans, money transfers and payment cards. Space Neobank is the mono issuer of Visa payment …

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