TBC Bank (LSE: TBCG) was named by the Banker as the Bank of the Year 2016 in Georgia during an Annual Awards ceremony in London on December 7th. This is the eighth time TBC Bank has been awarded this prestigious prize since 2002. 2016 has proved to be a very successful year for TBC, also winning the best bank of the year awards from Euromoney, Global Finance, and EMEA Finance Magazines.
Every year, the Banker, a London-based monthly financial publication owned by the Financial Times Group, recognises the top financial institutions from 149 different countries based on their performance during the year.
The Banker commended TBC Bank for beating the competition through a mix of organic and inorganic growth, completing the merger with Bank Constanta in 2015 and acquiring Bank Republic, the third largest lender in Georgia, in 2016. TBC's market-leading customer relationship management capability was underlined as a key competitive advantage.
Commenting on the news, Vakhtang Butskhrikidze, Chief Executive Officer, said: "We are honored to win this prestigious award from the Banker. This is the fourth "Best Bank of the Year" award in 2016, which is recognition of the Bank's strong financial performance and our continued commitment to excellence."
About the Bank of the Year Awards
The Banker awards salute the top global banks based on their performance throughout the year. The best of the best are celebrated at the awards ceremony held towards the end of the year, as The Banker crowns the global Bank of the Year, and hands out the laurels for regional and country winners. For more information, please visit the Banker's website.
If you have any questions, please contact:
Head of Investor Relations
Anna Romelashvili
ir@tbcbank.com.ge
About TBC Bank Group PLC ("TBC PLC")
TBC PLC is a public limited company registered in England and Wales that was incorporated in February 2016. TBC PLC became the parent company of JSC TBC Bank ("TBC Bank") on 10 August 2016.
About TBC Bank
TBC Bank, together with its subsidiaries, is the leading universal banking group in Georgia, with a total market share of 29.7% of loans (37.2% with Bank Republic) and 30.6% of non-banking deposits (35.5% with Bank Republic) as at 30 September 2016, according to the data published by the NBG. As a result of the acquisition of JSC Bank Republic, TBC Bank becomes the largest commercial bank in Georgia by all key metrics.