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| 2012 |
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TBC Bank celebrated its 20th anniversary. Founded in 1992 with an initial capital of USD 500, today TBC Bank is a leading Georgian universal bank, serving up to 1,000,000 customers in its four business segments: corporate, retail, SME and micro (through its subsidiary Bank Constanta).
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TBC Bank maintained its leadership in Retail Deposits with a 36.0% market share.
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International Ratings Agency Fitch Ratings upgraded TBC Bank’s long-term deposit rating to ‘BB-’ from ‘B+’ and Viability Rating to ‘BB-’ from ‘B+’, with a Stable Outlook.
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TBC Bank launched the first iPhone Internet bank in Georgia, followed by the new Android and Smartphone Internet banking applications.
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TBC Bank was awarded “Best Consumer Internet Bank in Georgia” by Global Finance Magazine and was the first bank in the Caucasus to win a regional award for the “Best Integrated Consumer Bank site in Central and Eastern Europe” by the same publication.
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Euromoney, Global Finance, and EMEA Finance Magazines named TBC Bank as the “Best Bank in Georgia 2012”.
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Deutsche Bank and Commerzbank awarded TBC Bank for USD STP Excellence, and for the first time, Deutsche Bank also recognized TBC for EUR STP Excellence, in 2012.
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TBC Bank was named “Best Foreign Exchange Provider in Georgia 2013” by Global Finance Magazine.
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TBC Bank raised GEL 135 million in new financing through various equity and debt transactions:
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GEL 25 million additional equity was injected by existing shareholders;
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A EUR 25 million agreement was signed with the European Investment Bank (EIB), the largest supranational borrower and lender in the world;
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A USD 20 million loan agreement was signed with the French Investment and Promotion Company for Economic Cooperation, Proparco on the Bank’s 20th anniversary. This is Proparco’s first investment in Georgia;
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The second USD 10 million loan agreement was concluded under the Caucasus Energy Efficiency Program (CEEP) between TBC Bank and the European Bank for Reconstruction and Development (EBRD);
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A USD 5 million loan agreement was signed with Triple Jump, an investment management company based in Amsterdam, The Netherlands.
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