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Tag Archives: TBC Bank

TBC Bank Inks Three Loan Agreements Worth USD100 Million

TBC Bank Affirmed Distribution of Dividends in the Amount of GEL 54 Million

TBC Bank Group PLC said it has signed three loan agreements for a total of USD100 million, denominated in Georgian lari, with the European Bank for Reconstruction & Development. The European bank will provide the funds through three loan facilities, with USD60 million in lari to support implementation of the …

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Merger of TBC Bank and Bank Republic to Finish Later in April

Merger of TBC Bank and Bank Republic to Finish Later in April

TBC Bank informs clients of Bank Republic on the following changes. Branch of Bank Republic, locating in Pekini str.28 will be abolished from April 3 and customers should be served by Bank Republic’s operators at TBC’s service centre in Pekini str.5A. The management expects to finish the merger late April …

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Bank of Georgia Records Highest ROE

Bank of Georgia Records Highest ROE

Bank of Georgia has recorded the highest return on equity (ROE). Cartu bank emerged as an only organization among commercial banks with major supervisory capital that worsened Return on Equity. Currently, Cartu Bank has negative balance on ROE.     GEL % 1 TBC Bank 1.455.000 15.05 2 Bank of …

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TBC Bank is Leader in Terms of Deposits Portfolio

TBC Bank is Leader in Terms of Deposits Portfolio

Deposits portfolio has shrunk in Georgian banking sector. According to National Bank of Georgia (NBG), total volume of physical and corporate deposits marked 16.5 billion GEL as of March 1, 2017 (17.2 billion GEL as of February 1, 2017 – down 4% month on month and up 13% year on …

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TBC Bank Converted 40 Million USD Loan into GEL

According to deputy of TBC general minister, 40 million loans have been converted to national currency in both TBC and Bank Republic, which amounts to 53% of loans on the market. In the frame of dedollarization program, 3073 customers dedollarized their loans.  Customers who weren’t enrolled in the state subsidized …

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FMO Sells Shares in TBC Holding

Netherlands Development Finance Company (FMO) has sold its own shares in TBC Holding. Institutional investors of UK, USA and Europe have bought the shares under accelerated deal managed by  Barclays და Renaissance Capital. “FMO was one of the four international finance institutions that owned shares in TBC Holding. It owned …

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Global Finance Names TBC Bank as Georgia’s Best Bank

Global Finance Names TBC Bank as Georgia's Best Bank

The Global Finance has named TBC Bank as Georgia’s Best Bank for the tenth time. The winner was selected due to several criteria: assets growth pace, profitability, return on assets and capital, coverage zone, innovations. “Tenfold victory is much honor for us. This is the thenth award granted by Global …

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Larization Decreased Banks’ Credit Portfolio

Larization Decreased Banks’ Credit Portfolio

81% of banks’ landing accounts for 5 banks. Portfolio has been declined to all banks in February, including TOP-5. However, merely demand decline is not the sole reason. The volume of loans has been corrected by -20 point converting. As known, $75 million is converted in GEL through 2 month …

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TBC Bank’s New Project To Encourage Georgian Startups

Startuperi

TBC bank starts a project to encourage new generations of Georgian startups, the project is aimed at promoting starting a business. Bank will provide startups with both financial and non-financial services, such as training courses meetings and workshops. With this project TBC bank will expand it’s business service area, from corporate, …

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