Banking

TBC Bank Group PLC Board Changes

TBC Bank Group PLC confirmed that, further to today’s announcement by the Georgian office of Public Prosecution, the Chairman and Deputy Chairman have decided to step down from the board of TBC PLC with immediate effect.

TBC Bank Shares Fall As Ex-Chair And Deputy Face Georgian Charges

TBC Bank Group PLC said Wednesday its former chair and deputy chair are both set to be charged by the public prosecutor in Georgia, confirming no charges are set to be levelled at the firm itself.

Statement of TBC Bank Group

They have come to this decision so that the charges against them do not have any effect on the group's activities, and they are free to continue the dispute.

TBC Bank Attracts 10 million USD Financial Resource from ResponsAbility Investments

TBC Bank and ResponseAbility Investments have signed a loan agreement on 10 million USD. The financial resource will fund small and medium business sectors.

ResponsAbility Investments and TBC Bank Sign USD 10 Million Loan Agreement

TBC Bank Group PLC (“TBC PLC”) announces that its subsidiary, JSC TBC Bank ("TBC Bank"), has signed a loan agreement in the amount of USD 10 million with ResponsAbility Investments AG.

Profit of Georgian Banks Decreases

In June 2019, Georgian banks’ profits decreased by 29.9 million compared to May and by 29.9 million compared to June 2018 amounted to GEL 33.9 million.

TBC Bank Welcomes a New Board Member

TBC Bank Group PLC ("TBC PLC") announces that its principal subsidiary, JSC TBC Bank ("TBC Bank"), has appointed Arne Berggren as a member of the TBC Bank Supervisory Board. 

Stock Exchange Development to Heat Up in 2020

Stock exchange development will accelerate in Georgia in 2020-2021, according to TBC Bank Deputy Director General Giorgi Tkhelidze on the TV program Business Partner.

Bank Credit Growth came in at 14.1% YoY in June 2019

Bank credit growth came in at 14.1% YoY in June 2019 being 1.4 pp higher compared to the 12.7% in the previous month.