TBC Bank
TBC Bank’s performance in 2004 was reflected in numerous financial and non-financial achievements that have strengthened its leading position in the Georgian market and significantly improved its position regarding its international financial partners.
The bank’s shareholders are IFC, KfW and SEEF (the latter a US group affiliated with Soros Fund Management). TBC Bank is today the largest commercial bank in Georgia, with 27.7% of the country’s banking assets and 34.1% of deposits. The bank’s outstanding performance reflects superior growth of its franchise, a strong increase in business lending and retail funding, a good risk management track record, an improving operating environment and a well-diversified funding base. Last year, TBS created Georgia’s first product profitability module, allowing it to define its strategic market segment and pursue adequate pricing strategies. This will allow the bank to maintain its lead in market penetration and efficiency. “TBC Bank always strives to be a pioneer in new products for the Georgian banking market,” says chairman Vakhtang Butskhrikidze. “Last year, we added many new banking services to our highly varied product mix, offering various innovative e-banking solutions for our customers. Furthermore, this year TBC Bank became the lead arranger of the first international syndication in Georgia.”