Type Joint Stock Company Founded 1992 Revenue 409 million USD (2014) Parent organization TBC Bank Group PLC | Operating income Headquarters Tbilisi, Georgia Total assets 5.423 billion USD (2014) | |
 | ||
Industry Banking, Financial services Area served Georgia, Israel, Azerbaijan Key people Mamuka Khazaradze
(Chairman)
Badri Japaridze
(Vice-Chairman)
Vakhtang Butskhrikidze
(CEO) Products Credit cards, consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, wealth management Subsidiaries Real Estate Management Fund JSC, COA Credit Areas served Georgia, Israel, Azerbaijan Profiles | ||
Holmes watson tbc bank commercial
TBC Bank is a leading Georgian universal bank headquartered in Tbilisi, Georgia.
Contents
- Holmes watson tbc bank commercial
- History
- Bank Constanta
- TBC Leasing
- TBC Kredit
- TBC Invest
- Social Responsibility
- References
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.
History
The history of TBC Bank dates back to 1992 when two Georgian businessmen Mamuka Khazaradze 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.
Bank Constanta
TBC Bank entered the lucrative microfinance segment by acquiring an 80% equity interest in Bank Constanta, one of the leading microfinance institutions (MFIs) on the Georgian market. Later in 2014 TBC Bank ownership reached 100% of Bank Constanta.
TBC Leasing
TBC Bank established JSC TBC Leasing, headquartered in Tbilisi, Georgia, 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 Kredit
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 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.
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.