Home / Tag Archives: TBC Bank (page 18)

Tag Archives: TBC Bank

Vakhtang Butskhrikidze Reviews Performance of Banking Sector in 2015

Vakhtang Butskhrikidze

The Fitch rating for the Georgian bank sector is “Stable”. This signifies considerable reserves of commercial banks will compensate the quality of assets affected by the GEL depreciation. The 36% devaluation was the main challenge in 2015. The bank sector has showed steadiness amid the GEL depreciation, GDP growth slowdown …

Read More »

TBC Bank Launches Energy Project of 6 million

TBC capital

“Saguramo HES” is the 11th project funded by TBC Bank through the recent years. Energy sector has a great prospect in Georgia, so we will cooperate further to the companies operating in this sphere”, – David Tsikauri, Co-Head of Corporate Banking has declared. TBC Bank solely funds  construction of “Saguramo HES”. However, …

Read More »

Institutional Investors Acquired TBC Shares of DEG

TBC bank

Shares of DEG (Deutsche Investitions- und Entwicklungsgesellschaft) in TBC Bank were acquired by institutional investors. According to TBC Bank, the investors are from UK and Continental Europe. However, an accelerated transaction was managed by Renaissance Capital. To remind, DEG (Deutsche Investitions- und Entwicklungsgesellschaft) issued the announcement on November 26, that …

Read More »

TBC Bank cannot Sell Berta company

TBC Bank cannot Sell Berta company

A buyer for  the building owned by Berta company has not emerged. Berta was owned by Cezar Chocheli and his brother.  In 2013 the company faced  financial problems, the Investigation Service of the Ministry of Finance entered into the company, Berta’s relationship with distribution companies also complicated, which is why …

Read More »

What is Georgia’s Potential For Energy Independence?

Davit Tsiklauri

Energy independence is a central issue for the Georgian economy. In order to achieve energy independence, Georgia’s rich hydro potential must be fully utilized. For this purpose, over the past several years a special focus has been placed on the construction of new capacity and on attracting foreign investors to …

Read More »

TBC Bank’s Special Consumer and Mortgage Loans Initiative

Starting today, TBC Bank offers the best possible conditions to its customers on mortgage and consumer loans. Those who take out a loan at TBC or unify their existing loans at the Bank will benefit from maximally lowest interest rates. The special initiative will last until December 31. During this …

Read More »

TBC Renovates Mortgage Center on Chavchavadze Avenue

On October 9 TBC Bank’s office on Chavchavadze Avenue presented to its guests the renovated Mortgage Center, offering a more comfortable environment for its customers. The quantity of the construction projects represented at the Center has significantly increased. Overall there are 51 construction projects, with 1575 apartments on sale currently. …

Read More »