Euromoney Magazine has named TBC Bank as the Best Bank in Georgia in 2015 within its 24th Annual Awards for Excellence program. This is the fourth win for the Bank, having received the award in 2014, 2012 and 2011.
The publication commended TBC Bank’s strong income and lending growth, sustained asset quality and high capital adequacy. The Bank’s IPO, being the largest ever IPO from Georgia, and the successful completion of the merger with Bank Constanta were highlighted as important achievements.
In the 2015 Awards for Excellence press release, Clive Horwood, the editor of Euromoney stated: "We received thousands of submissions from banks around the world, conducted hundreds of interviews and spent countless hours agonizing over the decisions. All of those honoured tonight are worthy winners. These awards clearly show how the post-financial crisis landscape is taking on a firm shape.”
Commenting on the news, Vakhtang Butskhrikidze, TBC Bank’s Chief Executive Officer said: “We are honored to win this prestigious award from Euromoney. The Bank’s continued success in the Awards for Excellence program is a testament to our sustained focus on excellence in financial services and commitment to the highest industry standards."
About the Awards for Excellence
Now in its 24th year, the Awards for Excellence continue to be one of the most respected awards in the financial services industry. The Awards cover more than 20 global product categories, best-in-class awards in all regions and the best banks in close to 100 countries around the world. The full list of winners will be published in the July issue of Euromoney.