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Tag Archives: TBC Bank

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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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 …

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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 …

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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 …

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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 …

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