International banking industry publication, The Banker, has named TBC the recipient of its “Bank of the Year 2016 in Georgia” Award at Annual Awards ceremony in London.
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.”
The Banker, a Financial Times publication, is a highly regarded UK-based periodical that each year selects banks in over 100 countries to receive its Bank of the Year Awards. In making their selections, The Banker’s global editorial team considers not only a bank’s financial performance, but also strategic initiatives, innovative use of technology and service delivery channels, and efforts to extend banking services to all parts of the community.
A full listing of Bank of the Year 2016 Award winners will be published in the December edition of The Banker.