TBC Bank Group
Holding Company of JSC TBC Bank

Remuneration

In accordance with NBG decree #26/04, Georgian banks are required to disclose information on income paid to those shareholders (including beneficial owners) of the relevant bank who own 2% or more of the bank, for services rendered to the Bank. The information is available below.  

 

 

Name of Shareholder/Beneficiary Owner


Amounts are in thousands of GEL

Compensation received during 2016 for the Supervisory Board role* Interest received on loans during 2016 Other income received during 2016
 Mamuka Khazaradze  3,239  0  157
 Badri Japaridze  3,160  0  175
 TBC Bank Group PLC  0  1,160  18
 EBRD  0  7,224  0
 IFC  0  4,411  0

  

*The above compensation is paid in accordance with the Supervisory Board Compensation System, as approved by the Shareholders. The compensation includes bonuses paid for 2015 performance, which is about 50% of the total compensation. 

 

 

 

Name of Shareholder/Beneficiary Owner


Amounts are in thousands of GEL

Compensation received during 2015 for the Supervisory Board role*  Interest received on loans during 2015 Other income received during 2015
Mamuka Khazaradze  2,904  0  10
Badri Japaridze  2,976  0  12
Companies related to above shareholders  0  0  52
FMO 0  11,748  0
EBRD 0  9,365  0
IFC 0  5,557  0
DEG ** 0  5,220  0

  

 

*The above compensation is paid in accordance with the Supervisory Board Compensation System, as approved by the Shareholders. The compensation includes bonuses paid for 2014 performance, which is about 50% of the total compensation. The Bank does not pay performance related bonuses to Supervisory Board members since June 2015. 

 

** as at 31 December 2015, DEG was no longer shareholder of TBC Bank