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Tag Archives: TBC Bank

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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TBC Bank Acts as Underwriter of EBRD Eurobond Issue

TBC Bank has acted as lead manager and underwriter for European Bank for Reconstruction and Development  GEL 120 million Eurobond issue under EBRD’s Global Medium Term Note Programme. The bonds are to be listed on the London Stock Exchange. “We are delighted to have completed another successful transaction with EBRD. …

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TBC Bank Director Nikoloz Kurdiani Sells Shares

Nikoloz Kurdiani

TBC Bank Group PLC said that Nikoloz Kurdiani, deputy chief executive officer of JSC TBC Bank sold 4,500 shares at a price of 1,743.00 pence per share on last Friday, at a a total of GBP78,426, Alliance News reported. It has not been disclosed how many shares Kurdiani now holds following …

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TBC Bank Completed 4-Year Legal Dispute with Asaval-Dasavali

Asaval-Dasavali executed a decision passed by the Supreme Court and publicly denied false information about Mamuka Khazaradze and TBC Bank published in different newspaper editions in 2014. According to the decision, the newspaper admitted disinformation in the same format, on the same page. TBC Bank and Mamuka Khazaradze filed a …

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EBRD Named TBC Bank most Active International Financing Bank in Georgia

The European Bank for Reconstruction and Development (EBRD) has once again named TBC Bank once again the most active bank in Georgia in terms of international trade financing. TBC Banks has received mentioned award for the fourth time.  The annual award ceremony was held in Jordan, where EBRD representatives hosted …

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