TBC Bank named Best Trade Finance Provider in Georgia for 2022 by Global Finance
TBC Bank is pleased to announce that it has been named the Best Trade Finance Provider in Georgia 2022 by Global Finance. This prestigious award serves as an acknowledgement of our trade finance capabilities in Georgia, based on a number of selection criteria including transaction volume, scope of global coverage, customer service, competitive pricing and innovative technologies.
Vakhtang Butskhrikidze, Chief Executive Officer, TBC Bank, commented:
“Throughout the year, we continued to actively support Georgian companies in their international operations by utilizing our strong sector expertise, advanced digital capabilities and long-standing relationships with financial institutions all over the world. International trade plays an important role in the Georgian economy and we are proud to make our contribution to the country’s economic recovery.”
Joseph D. Giarraputo, publisher and editorial director of Global Finance:
“The Trade Finance sector continues to be hit hard by the fallout from the COVID-19 pandemic, and providers are still adapting to the challenges it presents. The winners of our annual Trade Finance awards are institutions that have best responded to these challenges and have served their clients most successfully.”
About Global Finance:
Global Finance, founded in 1987, has a circulation of 50,000 and readers in 193 countries. Global Finance’s audience includes senior corporate and financial officers responsible for making investment and strategic decisions at multinational companies and financial institutions. Its website — GFMag.com — offers analysis and articles that are the legacy of 35 years of experience in international financial markets. Global Finance is headquartered in New York, with offices around the world. Global Finance regularly selects the top performers among banks and other providers of financial services. These awards have become a trusted standard of excellence for the global financial community.
For further enquiries, please contact:
Director of International Media and Investor Relations
Zoltan Szalai
Or
Head of Investor Relations
Anna Romelashvili
ir@tbcbank.com.ge
About TBC Bank Group PLC ("TBC PLC")
TBC Bank Group PLC ("TBC PLC") is a public limited company registered in England and Wales. TBC PLC is the parent company of JSC TBC Bank ("TBC Bank") and a group of companies that principally operate in Georgia in the financial sector and other closely related fields. TBC PLC also recently expanded its operations in Uzbekistan. TBC PLC is listed on the London Stock Exchange under the symbol TBCG and is a constituent of FTSE 250 Index. It is also a member of the FTSE4Good Index Series and the MSCI United Kingdom Small Cap Index.
TBC Bank, together with its subsidiaries, is a leading universal banking group in Georgia, with a total market share of 38.4% of customer loans and 40.1% of customer deposits as of 30 September 2021, according to data published by the National Bank of Georgia.