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Tag Archives: TBC Bank

Startuper Summarized Results of Two Months

In the frame of TBC Bank program  Startuper, during two months, more than 1 million GEL loan has been given to clients. Until now, up to 30 businesses took benefit of the program in different fields: clothes and shoe making, technological direction, agro sector, hand-made items, hotel construction and etc. More than …

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TBC Bank Becomes Georgian Banking Sector Leader

The major banking amalgamation process in the region has ended successfully.  TBC Bank and Bank Republic have merged. The amalgamation process that lasted several days has been finished successfully. “Starting today  Bank Republic clients are plenipotentiary clients of TBC Bank. They have access to TBC Bank products and services, including …

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EBRD Plans to Invest 350 mln in Georgia This Year

EBRD Plans to Invest 350 mln in Georgia This Year

The European Bank for Reconstruction and Development (EBRD) plans to invest 300-350 million EUR in Georgia this year. The Regional Director of the EBRD says that previous year’s record (250 million) is improved in 2017 in terms of investment portfolio. “At this stage I do not know the final answer, …

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TBC Bank Simplifies Installment Payment Mechanism and Introduces New Product

TBC Bank has simplified installment payment plan and introduced new loyalty program and plastic card – Ertguli. The new product offers the simplest installment payment plan and loyalty scores. Ertguli installment plan is applicable within preliminarily-agreed credit limit when making payments by Terminal at partner trade outlets. “Previously, our clients …

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Joint Offer of TBC Bank and SOCAR Georgia Petroleum to Startups

SOCAR Georgia Petroleum joins the TBC bank program startuper and Startup Energy creates envelope particularly for program participants. Startupers who will benefit from TBC bank startup loans or startup business card will receive startup energy card for free, which means 15 tetri discount for any kind of petrol from SOCAR Georgia …

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TBC Bank Inks Three Loan Agreements Worth USD100 Million

TBC Bank Affirmed Distribution of Dividends in the Amount of GEL 54 Million

TBC Bank Group PLC said it has signed three loan agreements for a total of USD100 million, denominated in Georgian lari, with the European Bank for Reconstruction & Development. The European bank will provide the funds through three loan facilities, with USD60 million in lari to support implementation of the …

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Merger of TBC Bank and Bank Republic to Finish Later in April

Merger of TBC Bank and Bank Republic to Finish Later in April

TBC Bank informs clients of Bank Republic on the following changes. Branch of Bank Republic, locating in Pekini str.28 will be abolished from April 3 and customers should be served by Bank Republic’s operators at TBC’s service centre in Pekini str.5A. The management expects to finish the merger late April …

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Bank of Georgia Records Highest ROE

Bank of Georgia Records Highest ROE

Bank of Georgia has recorded the highest return on equity (ROE). Cartu bank emerged as an only organization among commercial banks with major supervisory capital that worsened Return on Equity. Currently, Cartu Bank has negative balance on ROE.     GEL % 1 TBC Bank 1.455.000 15.05 2 Bank of …

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TBC Bank is Leader in Terms of Deposits Portfolio

TBC Bank is Leader in Terms of Deposits Portfolio

Deposits portfolio has shrunk in Georgian banking sector. According to National Bank of Georgia (NBG), total volume of physical and corporate deposits marked 16.5 billion GEL as of March 1, 2017 (17.2 billion GEL as of February 1, 2017 – down 4% month on month and up 13% year on …

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TBC Bank Converted 40 Million USD Loan into GEL

According to deputy of TBC general minister, 40 million loans have been converted to national currency in both TBC and Bank Republic, which amounts to 53% of loans on the market. In the frame of dedollarization program, 3073 customers dedollarized their loans.  Customers who weren’t enrolled in the state subsidized …

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FMO Sells Shares in TBC Holding

Netherlands Development Finance Company (FMO) has sold its own shares in TBC Holding. Institutional investors of UK, USA and Europe have bought the shares under accelerated deal managed by  Barclays და Renaissance Capital. “FMO was one of the four international finance institutions that owned shares in TBC Holding. It owned …

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