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TBC Bank CEO Named CEO of the Year 2014 in CEE & CIS by EMEA Finance Magazine

The Bank wins Best Bank in Georgia Title for the Fourth Consecutive Year

TBC Bank CEO, Vakhtang Butskhrikidze, was named CEO of the Year 2014 in Central and Eastern Europe and the CIS by the EMEA Finance magazine within its Europe Banking Awards 2014 program. TBC Bank was also honored to receive the Best Bank in Georgia award for the fourth consecutive year in 2014. Mr. Butskhrikidze is the first Georgian executive to be acknowledged by the magazine for his professional achievements in a regional context.
“TBC Bank continues to help drive the fast moving Georgian economy forward, and it is easy to see why with domestic leading in key categories like retail, SME, micro-loans delivering impressive growth year over year. The Bank is effectively employing all its funding opportunities, not least the ‘bread and butter’ of banking – customer deposits – where growth in deposits registered a very significant 15%. The Bank’s ability to continue to grow market share, and increase profits year-over-year is a result of the solid leadership demonstrated by CEO Vakhtang Butskhrikidze. We are proud to recognize him as EMEA Finance’s CEO of the year in our annual Europe Banking Awards,” said Christopher Moore, Publisher & CEO, EMEA Finance magazine.
“We are extremely proud to receive the Best Bank award for the fourth consecutive year. This continued recognition is testament to the tireless, daily contribution of our outstanding team to the Bank’s sustained success and development. I am also humbled to receive this recognition as CEO of the Year and would like to once again thank my team for their collaboration and support throughout my work at TBC Bank,” commented Vakhtang Butskhrikidze, CEO, TBC Bank.
Barclays and UBS were named Best Investment Banks in Georgia 2014 for their work on the TBC Bank IPO.