TBC Bank Group
Holding Company of JSC TBC Bank

Press Releases

Please note that press releases prior to 10 August 2016 are for JSC TBC Bank
December 27, 2007

USD 12m Mortgage Facility From EBRD

Despite its rapid growth during recent years, Georgia's mortgage market is still fairly underdeveloped compared to Central European countries which demonstrate potential for growth...
November 30, 2007

Energy Efficiency Program Initiated Jointly by EBRD and TBC

The EBRD has granted TBC Bank a USD 10m loan for financing energy efficiency projects in Georgia. The facility will be used for on-lending to private sector industrial entities...
November 21, 2007

Revolving Credit Agreement with EBRD

TBC Bank signed a USD 42m revolving credit agreement with the EBRD, with the facility subject to a likely increase through the year. The purpose of the transaction is to aid local...
November 16, 2007

USD 15m facility from OTP Bank PLC

TBC Bank received a USD 15m facility from OTP Bank PLC, the largest bank in Hungary. The facility will be used to finance TBC Bank's general banking requirements, increasing...
October 15, 2007

Another capital increase by TBC Bank

In October 2007, TBC Bank's shareholders accomplished yet another capital increase by $55 million. New capital will allow the bank to further increase its retail lending...
July 31, 2007

TBC Bank Attracts USD 54m Loan

TBC has closed a USD 54m deal with Deutsche Bank (DB), a leading global investment bank. DB arranged the USD 54m syndicated loan, in which 14 different banks from all over the world participated...
July 19, 2007

Fitch Ratings Upgrades TBC Bank's Rating to B+

On 19 July, the international Rating Agency Fitch Ratings raised TBC Bank's rating up to two levels, to B+. Fitch notes that TBC Bank plays a significant role in the development of the Georgian Banking System...
July 11, 2007

TBC Bank Attracts USD 35m Loan

On 11 July 2007, Switzerland's second largest bank, Credit Suisse signed a USD 35m loan agreement with TBC Bank. The two-year loan is CS's first investment in the Georgian banking sector...
May 23, 2007

TBC Bank Capital Increases by USD 20m

TBC Bank's total capital has increased by USD 20m. The capital increased thanks to the bank's current shareholders purchasing newly issued stock. In June, TBC plans a further increase of its capital...
April 30, 2007

TBC Rebranded

TBC Bank has begun positioning itself as financial expert with high reputation, which is a friend of each client that empowers them to become financially stronger...