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Tag Archives: TBC Bank

48h Hackathon Garage48 to Implement Innovative Ideas has End

The 48 hour hackathon Garage48 “Gemification & Entertainment” has end, where programmers, designers, marketers, entrepreneurs and project managers developed creative ideas and created work prototypes. More than 100 participants participated in the hackathon who worked intensively for two days together with Georgian and foreign mentors. The jury composed of foreign …

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TBC Bank Named as the Best Bank of 2017

The Banker, the world’s influential financial edition, has named TBC Bank as Georgia’s best commercial bank in 2017. TBC Bank has obtained this status thanks to strong financial indicators, high-standard consumer services and the best digital services. “It is much honor for me to receive this prestigious award. The recognition …

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TBC Bank Signs 94 million EUR Agreement with EIB Group

TBC Bank has signed two guarantee agreements of 94mln EUR with European Investment Bank Group (EIB Group). The 80mln EUR guarantee agreement called as EU Funding for Innovators (InnovFin) will be spent on development of innovative small and medium companies in Georgia; The 14mln EUR agreement called as the EU …

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TBC Bank Introduces Startup Agro Loan

TBC Bank has introduced Startup Agro Loan. This is an unprecedented offer on the market, the bank representatives noted. The product enables farmers to arrange high-productive cattle and poultry farms, high-technology greenhouse complexes, warehouses, refrigerator complexes. Agro loans are issued to both corporate and physical bodies. The bank will take …

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Fundamental Indicators are Optimistic in Georgia Banking Sector

According to the general director of TBC Bank, the recent devaluation of  Georgian Lari is a short-term breakdown. Vakhtang Butskhrikidze says that fundamental indicators are quite optimistic in the economy and the high dollar is the main challenge of the banking sector. “The banking sector is the most successful of …

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TBC Bank Capitalization Rises by 55mln GEL

TBC Bank Capitalization Rises by 55mln GEL

Price of TBC Bank shares (TBCB LI) rose to 18.17 GBP. The last trading session was closed by 17.41 GBOP (+0.74%w.w; +3.03%m.m). Deals were made on 90 000 shares. Over the past 4 weeks, daily deals were made on 29 000 shares on average. TBC Bank market capitalization constitutes 921.5mln …

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Rating of Commercial Banks in terms of Crediting Portfolio, TBC is Leader

Rating of Commercial Banks in terms of Crediting Portfolio, TBC is Leader

Crediting portfolio of commercial banks accounts for 20.2bln GEL as of October 1 (Q3/2017), including loans and credits issued to nonresidents. According to National Bank of Georgia (NBG), Larization coefficient is 42.42%(Q2/2017 – 40.1%). At the October 25 briefing dedicated to the Larization campaign, NBG president discussed the 2016 trends, …

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TBC Bank has Attracted USD 106.5 Million from International Partners

TBC Bank has signed a $ 106.5 million syndicated loan agreement with the Netherlands Development Finance Company “FMO”. This is the second contract of syndicated loan organized by TBC Bank’s long-term partner, Netherlands Development Finance Company (“FMO”). The loan product was created with syndication with OPEC International Development Fund (OFID). …

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Media Exposure for Bank Cards

Media Exposure for Bank Cards

In the first quarter of 2017 Georgia-based commercial banks issued 9.2mln payment cards, up 11% year on year. Ratio of MasterCard accounts for 43%, VISA – 32%, Vocal – 18%, UP – 6% and Amex – 1%. In January-March 2017 Georgian payment cards recorded 37.7mln transactions worth 4bln GEL in …

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