The major banking amalgamation process in the region has ended successfully. TBC Bank and Bank Republic have merged. The amalgamation process that lasted several days has been finished successfully.
“Starting today Bank Republic clients are plenipotentiary clients of TBC Bank. They have access to TBC Bank products and services, including to innovative products and services such as TBC Bank internet and mobile banking: a wide option of deposit and credit products and a wide network of branches and ATMs.
Technical migration has been successfully implemented in two banks. The process was carried out on May 6 to May 7. As a result, all banking services have become attainable for both TBC Bank and Bank Republic clients.
As a result of amalgamation, TBC Bank has become a leader in Georgian banking sector in terms of all positions”, TBC Bank statement reads.