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Tag Archives: TBC Bank

Profit of Banks Saw Increase by 8.4% in the First Half of the Year

The National Bank of Georgia has published financial indicators of the first half (January-June) of current commercial banks operating in Georgia. As for the data, TBC Bank saw the highest profit worth of 183 million GEL which is 22% more than the profit of the first half of 2017. “Bank of Georgia” …

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TBC Expands on Azerbaijan Market Buying Local Bank’s Share

JSC TBC Bank, a subsidiary of TBC Bank, has signed a contract with Nikoil Bank, aiming to expand its bank business in Azerbaijan. In particular, according to the agreement, the Azerbaijani subsidiary of the bank TBC Kredit becomes the owner of Nikoil Bank’s share. It takes bank regulator’s consent to …

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TBC Bank Named as Best Bank in Georgia for 2018

Authorized financial magazine Euromoney named TBC Bank as the best bank in Georgia for 2018. TBC Bank has been awarded for the leading position in the market for high standards and outstanding financial results. “We are proud to receive Euromoney’s prestigious award. This recognition reaffirms TBC Bank’s strong financial results …

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TBC TI Bot Starts New Promotion for Customers

TBC Bank’s chat bot, Ti Bot that allows banking operations, offers customers a new promotion. Within the promotion, users who transfer money through Ti Transfer will be awarded with Taxify or Luca Polare vouchers. It started on July 10 and will last for 4 weeks. 500 winners will be announced …

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TBC Bank and DEG Signed 70 Million USD Loan Agreement

TBC Bank is Ranked as the 1st by Assets, While – the 2nd by Profit

TBC Bank attracted 70 million USD financial resource from Investment and Development Society DEG, which will be allocated for small and medium business financing for 7 years. “We are delighted with the professionalism of TBC Bank management and high quality products and services offered to small and medium businesses. We …

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BSTDB’s Local Currency Loan to TBC Bank Helps Georgian SMEs

The Black Sea Trade and Development Bank (BSTDB) provides a 120 million Georgian Lari loan (equivalent of USD 50 million) to TBC Bank to finance investments and working capital needs of Georgian small and medium-sized businesses (SMEs). This is the second local currency SME facility that BSTDB extends to TBC …

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Mamuka Khazaradze Meets with ADB President

Takehiko Nakao, president of Asian Development Bank (ADB), has met with Mamuka Khazaradze, chairman of TBC Bank’s supervisory board. Members of ADB delegation and representatives of TBC Bank’s top management have also attended the meeting. At the round-table meeting, the Parties discussed details of cooperation between ADB and TBC Bank …

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Nikora Trade to Issue 30 million GEL Bonds

Nikora Trade to Issue 30 million GEL Bonds

Nikora Trade will issue bonds of 30 million GEL. The information was unveiled at the presentation of TBC Bank’s capital research work – Bond Market in Georgia. TBC Capital will ensure issuance of bonds. Nikora Trade director Irakli Bokolishvili told BM.GE that bonds will be issued no later than early …

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Berenberg Bank Reaffirms “Buy” Rating for TBC Bank Group

TBC Bank Group’s stock had its “buy” rating reiterated by analysts at Berenberg Bank in a research report issued to clients and investors on Tuesday. They currently have a GBX 2,025 ($26.96) price target on the stock. Berenberg Bank’s price target suggests a potential upside of 17.87% from the company’s …

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TBC Bank has New Director of Operations Management

Tornike Gogichaishvili was appointed Deputy Director General of TBC Bank and Director of Operations. Gogichaishvili replaced Vano Baliashvili, who will continue to work in TBC Bank’s in other sector after almost 20 years of work at the company. Tornike Gogichaishvili has 20 years experience in financial services and operations management. Prior …

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