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Tag Archives: TBC Bank

Committee Meeting on TBC Bank Case Closed after Voting

The ongoing meeting of the parliament committee on TBC Bank case was closed after voting. Despite sharp opposition protests, Roman Kakulia, head of the parliament’s committee for sectoral economy and economic policy, put forward the issue for voting and Georgian Dream members backed the issue. Public discussions on TBC Bank …

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EUGBC Suggests Create Monitoring Commission on TBC Bank’s Case

EU-Georgia Business Council (EUGBC) issued an official statement in regards to TBC Bank case. EUGBC expressed its support for TBC by stating that it is a company which has achieved a significant success.  EUGBC has also suggested to create a monitoring commission of the business representatives composed by 8 members …

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TBC Bank’s 2018 Profit Rises

TBC Bank Group Plc reported a 21.5 percent jump in full-year earnings, as lending remained strong on the back of a strong macroeconomic performance. TBC, Georgia’s largest retail bank, said profit rose to 437.4 million laris (126.8 million pounds) in the 12 months ended Dec.31 from 359.9 million laris a …

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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: 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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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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