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Tag Archives: TBC Bank

Ski Resort Visitors to Enjoy New Services

Gudauri Skiing

The Ski Resorts Development Company and TBC Bank have developed a new service for the ski resort visitors. Namely, the companies offer customers to enjoy the function for filling the MultiCard balance. The new MultiCard is a multiple-use card than enables to avoid long queues and cash payments when using …

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TBC Capital Has two New Directors

TBC bank

TBC Bank has appointed Levan Shanidze and Avtandil Gigineishvili as managing directors to co-head TBC Capital, an investment banking arm of TBC Bank offering Corporate Advisory, Research and Brokerage solutions in Georgia. Both, Shanidze and Gigineishvili are highly experienced professionals, each with 20 years at global investment banking institutions in …

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TBC Bank Tops List of Profitable Commercial Banks

tbc bank

Net profits of Georgia-based commercial banks in January 2016 marked 20 million GEL, up 4.4 million GEL compared to January 2015 and down 17 million GEL compared to January 2014 , the National Bank of Georgia (NBG) reports. ProCredit Bank Profits Shrink In 2015 commercial banks received historically high profits …

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Bank Sector’s Revenues and Expenditures Shrink

GEL Lari

The bank sector has reduced gross expenditures, but deposit expenses have increased anyway. In January commercial banks’ gross expenditures marked 229.3million GEL (284.6 million GEL as of 01.2015). The declination is recorded in the year on year context: -19.4%. The revenues have declined by 15.7% year on year. At the …

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TBC Bank signs three agreements with the Asian Development Bank

TBC Bank signs three agreements with the Asian Development Bank

TBC Bank announces the signing of three agreements with the Asian Development Bank (ADB). As a result, the Bank received a 10-year subordinated loan in the amount of USD 50 million, which is the first such agreement between TBC Bank and ADB. This transaction will further strengthen TBC Bank’s tier …

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TBC Bank Becomes Partner of Tbilisi Opera House

TBC bank became partners with Tbilisi State opera house today, an agreement signed between  two parties aims at promoting Georgian ballet and implement several cultural and social events. TBC bank fully supports culture sector in Georgia. We are honored to work with such prominent stars as Nino Ananiashvili and other …

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TBC Bank Holds Presentation of New Business Catalog of EU-Georgia Business Board

TBC Bank

The TBC Bank’s head office has held a presentation of EUGBC BUSINESS LINE, the new business catalogue of the EU-Georgia Business Board. EUGBC secretary general Zviad Chumburidze introduced the new catalog to Georgian and foreign businessmen, government officials, diplomats, the field experts and media reporters. David Bakradze, the State Minister …

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TBC Bank Becomes General Sponsor of Georgian Rugby Union

Ruby is Our Game – TBC Bank has become a title sponsor of the Georgian Rugby Union and the National Team. The decision was unveiled at the joint news conference that was held today with the participation of the TBC Bank managers, the Rugby Union representatives, rugby players and reporters. …

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TBC Bank’s Portfolio Growth Exceeds Two Times to September

1/3 of retail crediting accounts for TBC Bank’s portfolio  (2,3 billion) which is two times larger than it was in September. The share of the bank in private individuals’ crediting totals to 30% (1.12.15), while the volume has been 24% (1,4 billion) in the same period of 2014. The portfolio …

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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 …

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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, …

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