TBC Insurance

TBC insurance is Georgia’s leading provider of retail non-health insurance with a 36.3% market share as of 31 December 2023.

FY 2023 highlights


Retail market share1


Total market share1

GEL 172 mln

Gross written premium

TBC Insurance is a wholly owned subsidiary of TBC Bank and is the main bancassurance partner for the Bank. As of 31 December 2023, TBC Insurance had around 385,500 customers.

We have a strong presence in the non-health insurance market, serving both individuals and business clients. Our non-health services cover motor, travel, personal accident, life, property, business property, liability, cargo and agro products.

We are also present in the health insurance market with convenient offerings, best-in-class customer experience and strong focus on digitalization.


TBC Pay is the leading payments provider in Georgia offerings convenient payments solutions to customers via its wide network of self-service terminals.

FY 2023 highlights

c. 4,200

Self-service terminals

GEL 27 mln

Net profit

TBC Pay is a leading payments provider in Georgia, offering individuals and businesses convenient payment solutions. TBC Pay is a wholly owned subsidiary of TBC Bank and has been operating since 2008.

We offer a wide range of services, including utility payments, mobile top-ups, payments for public transportation, loan repayments and money transfers through a wide and easily accessible distribution network. We are focused on providing superior customer services and ensuring our services are accessible.

We mainly service our customers via self-service terminals that are conveniently distributed across the country. These terminals allow customers to conduct a range of payments instantly on a 24/7 basis, using both cash and cards. In addition, TBC Pay operates a website (www.tbcpay.ge), along with a mobile app, both of which offer user friendly and engaging user interface.

For businesses with large cash operations, TBC Pay offers cash management services in the form of specialised cash boxes. After depositing cash into these boxes, the sum is automatically transferred to the company’s bank account. The cash boxes are secured via a strong authorisation process.

TBC Leasing

With an 86.1% market share, TBC Leasing is a leading leasing services provider in Georgia.

FY 2023 highlights


Market share2

c. 2,100

# of customers

GEL 377 mln

Leasing portfolio

Delivering comprehensive solutions, TBC Leasing offers an alternative source of financing to our retail and business clients.

Our technical know-how and specialist knowledge and expertise enable us to offer our clients all-round asset finance solutions and other complementary advisory services, including financial leasing, operating leasing, sale and leasebacks, all of which are tailored to the individual customer’s needs.

We serve both individuals and business clients and have extensive geographical coverage throughout Georgia via official representative dealerships, vendors, direct sales channels as well as TBC Bank branches. We actively leverage TBC Bank’s wide sales network, which further supports our book creation via referral synergies.

1 Non-health insurance market shares. Market shares given without mandatory border motor third party liability insurance (MTPL). With mandatory border MTPL, retail and total non-health insurance market shares were 31.3% and 21.6% respectively. Source: www.insurance.gov.ge

2 Based on internal estimates