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Photo/ Davit Kukhianidze

TBC Bank Named as Best Bank for 2016

The Global Finance, the world’s influential financial magazine, has named TBC Bank as the best bank for 2016. 

In its exclusive research, the Global Finance named winner commercial banks in the emerging markets. Over the past 5 years on end TBC Bank has won the best bank’s nomination. In whole, the Global Finance has named TBC Bank as winner in this category 8 times.

“TBC Bank showed magnificent results in 2015 too. The bank’s profits have risen by 38%, the correlation of expenditures to revenues have improved. The loan portfolio has risen by more than 25%. TBC Bank has proved that it shows special responsibility to the Georgian market and all stakeholders”, Joseph Giarraputo, the Global Finance editorial board chairman, noted.

“We are very proud that we have obtained the best bank’s nomination for the fifth time at a run. This fact stresses that TBC Bank is demonstrating special financial results and maintains leadership in terms of innovations and services. I would like to thank the whole team of TBC Bank for its contribution to empowering and developing our Bank”, TBC Bank director general Vakhtang Butskhrikidze said.

The Global Finance selects winner banks based on information received from international experts of the bank industry: growth in assets, strategic relations, consumer services, competitive tariffs and innovative products.

The Global Finance is the world’s leading financial edition that was founded in 1987 and it is distributed in 180 countries. The edition’s audience includes top managers that are responsible for taking investment and strategic decisions in various international companies and financial institutions.

The Global Finance website – GFmag.com – publishes analytical materials and articles based on 27-year experience of operating in international markets. The Global Finance head office is located in New York and the company has unveiled representations all over the world.