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, logo = TBC Bank logo.svg , logo_size = 100 , image = TBC Bank building.jpg , image_size = 250 , image_caption = TBC headquarters at Marjanishvili avenue, Tbilisi , type = Joint Stock Company , traded_as = , industry = Banking,
Financial services Financial services are the economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companie ...
, foundation = 1992 , location_city =
Tbilisi Tbilisi ( ; ka, თბილისი ), in some languages still known by its pre-1936 name Tiflis ( ), is the capital and the largest city of Georgia, lying on the banks of the Kura River with a population of approximately 1.5 million p ...
, location_country =
Georgia Georgia most commonly refers to: * Georgia (country), a country in the Caucasus region of Eurasia * Georgia (U.S. state), a state in the Southeast United States Georgia may also refer to: Places Historical states and entities * Related to t ...
, key_people = Nikoloz Enukidze (Chairman)
Vakhtang Butskhrikidze Vakhtang "Vakho" Butskhrikidze (Georgian: ვახტანგ ახობუცხრიკიძე) (born September 28, 1970) is a Georgian economist, businessman and CEO of TBC Bank , logo = TBC Bank logo.svg , logo_size = 100 , imag ...

(CEO) , area_served = , products =
Credit cards A credit card is a payment card issued to users (cardholders) to enable the cardholder to pay a merchant for goods and services based on the cardholder's accrued debt (i.e., promise to the card issuer to pay them for the amounts plus the o ...
,
consumer banking Retail banking, also known as consumer banking or personal banking, is the provision of services by a bank to the general public, rather than to companies, corporations or other banks, which are often described as wholesale banking. Banking servi ...
,
corporate banking Wholesale banking is the provision of services by banks to larger customers or organizations such as mortgage brokers, large corporate clients, mid-sized companies, real estate developers and investors, international trade finance businesses, in ...
,
finance and insurance Financial services are the economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies ...
,
investment banking Investment banking pertains to certain activities of a financial services company or a corporate division that consist in advisory-based financial transactions on behalf of individuals, corporations, and governments. Traditionally associated with ...
,
mortgage loan A mortgage loan or simply mortgage (), in civil law jurisdicions known also as a hypothec loan, is a loan used either by purchasers of real property to raise funds to buy real estate, or by existing property owners to raise funds for any p ...
s,
private banking Private banking is banking, investment and other financial services provided by banks and financial institutions primarily serving high-net-worth individuals (HNWIs)—defined as those with very high levels of income or sizable assets. A bank that ...
,
private equity In the field of finance, the term private equity (PE) refers to investment funds, usually limited partnerships (LP), which buy and restructure financially weak companies that produce goods and provide services. A private-equity fund is both a typ ...
,
wealth management Wealth management (WM) or wealth management advisory (WMA) is an investment advisory service that provides financial management and wealth advisory services to a wide array of clients ranging from affluent to high-net-worth (HNW) and ultra-high ...
, revenue =
GEL A gel is a semi-solid that can have properties ranging from soft and weak to hard and tough. Gels are defined as a substantially dilute cross-linked system, which exhibits no flow when in the steady-state, although the liquid phase may still di ...
1,002.7 million (2021) , operating_income = GEL921.4 million (2021) , net_income = GEL809.0 million (2021) , assets = GEL24.509 billion (2021) , equity = GEL3.692 billion (2021) , num_employees = , divisions = Corporate Banking, Retail Banking, SME Banking, Micro Banking , subsid =
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tbcbank.ge
TBC Bank ( ka, თიბისი ბანკი) is a Georgian bank headquartered in
Tbilisi Tbilisi ( ; ka, თბილისი ), in some languages still known by its pre-1936 name Tiflis ( ), is the capital and the largest city of Georgia, lying on the banks of the Kura River with a population of approximately 1.5 million p ...
,
Georgia Georgia most commonly refers to: * Georgia (country), a country in the Caucasus region of Eurasia * Georgia (U.S. state), a state in the Southeast United States Georgia may also refer to: Places Historical states and entities * Related to t ...
. The name, ''TBC Bank'', traces its root to its original name, Tbilisi Business Centre, dating back to 1992. Currently, TBC is registered as the official name of the bank, not just an abbreviation of the original name. It is listed on the
London Stock Exchange London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. , the total market value of all companies trading on LSE was £3.9 trillion. Its current premises are situated in Paternoster Square close to St Pa ...
and is a constituent of the
FTSE 250 Index The FTSE 250 Index ( "Footsie") is a capitalisation-weighted index consisting of the 101st to the 350th largest companies listed on the London Stock Exchange. Promotions and demotions to and from the index occur quarterly in March, June, Septemb ...
.


History

The history of TBC Bank dates back to 1992 when two Georgian businessmen
Mamuka Khazaradze Mamuka Khazaradze ( ka, მამუკა ხაზარაძე; born 29 December 1966) is a Georgian businessman who co-founded the largest Georgian universal bank, JSC TBC Bank in 1992. In 2019, he moved into politics, setting up a politi ...
and Badri Japaridze, along with other Georgian partners founded the bank, Tbilisi Business Centre, abbreviated as TBC. They established the bank with an initial capital of $500, which was the amount required to establish the bank in Georgia in the early 1990s. The bank was licensed by the NBG (General banking license No. 85) on January 20, 1993, and was granted another license to conduct international transactions in May 1993. In 1995 the bank was operating with one branch and 29 employees, its total assets amounting to $1.4 million. Vakhtang Butskhrikidze, who joined the bank in 1993 was appointed to the position of chief executive officer (CEO) of TBC in 1995, and has remained in that position since his appointment. On 11 June 2014, London Stock Exchange welcomed TBC Bank to the Main Market following its listing of Global Depositary Receipts (GDRs). The Bank raised $239m at IPO, giving it a market value of $640m. TBC Bank IPO was also the largest IPO from Georgia and the largest international off-index IPO from the EMEA region. In January 2019, the bank announced that it was being investigated by the
National Bank of Georgia The National Bank of Georgia ( ka, საქართველოს ეროვნული ბანკი, ''Sakartvelos Erovnuli Bank’i'') is the central bank of Georgia. Its status is defined by the Constitution of Georgia. According t ...
over the legality of certain transactions entered into in 2007 and 2008. In February 2019, the bank was instructed by the National Bank of Georgia to ask its chairman and deputy chairman to stand down on the basis of violation of the legislation regulating conflict of interests. The bank gained a banking licence in Uzbekistan in 2019, and acquired a 51% stake in the Uzbek payment provider, Payme, in the same year.


Operations


''TBC Leasing''

TBC Bank established JSC TBC Leasing, headquartered in
Tbilisi Tbilisi ( ; ka, თბილისი ), in some languages still known by its pre-1936 name Tiflis ( ), is the capital and the largest city of Georgia, lying on the banks of the Kura River with a population of approximately 1.5 million p ...
,
Georgia Georgia most commonly refers to: * Georgia (country), a country in the Caucasus region of Eurasia * Georgia (U.S. state), a state in the Southeast United States Georgia may also refer to: Places Historical states and entities * Related to t ...
, in January 2004 with total assets of GEL 0.5 million. The Bank currently owns an 89.5% equity interest in TBC Leasing with the remainder being held by the EBRD.


''TBC Credit''

TBC Bank acquired a 75.0% equity interest in TBC Kredit in late 2007. The company was formerly known as SOA Kredit, a non-banking credit organization operating in the Micro and SME (MSME) financial services market in
Azerbaijan Azerbaijan (, ; az, Azərbaycan ), officially the Republic of Azerbaijan, , also sometimes officially called the Azerbaijan Republic is a transcontinental country located at the boundary of Eastern Europe and Western Asia. It is a part of th ...
since 1999.


''TBC Invest''

Established in the beginning of 2011, TBC Invest is a wholly owned subsidiary of JSC TBC Bank. It operates in the Israeli market serving as an intermediary between Israeli clients and TBC Bank.


''My.GE''

TBC Bank acquired a majority stake in a Georgian e-commerce platform known as My.GE in August 2019.


''TBC Insurance''

In 2016 TBC Group acquired insurance company Kopenbur and established a new company, TBC Insurance.


Social Responsibility

As part of the Bank's social responsibility projects, TBC Bank founded ''TBC Fund'' to help victims of the 2008 war in Georgia. The Bank established TBC Fund with GEL 5 million and, shortly after, raised an additional GEL 3 million for its programs. TBC Bank also co-founded the annual literature award, SABA, aimed at rewarding the best literature works of the year since 2003.


References

{{Authority control Banks of Georgia (country) Companies based in Tbilisi Banks established in 1992 1992 establishments in Georgia (country) Companies listed on the London Stock Exchange