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, logo = TBC Bank logo.svg , logo_size = 100 , image = TBC Bank building.jpg , image_size = 250 , image_caption = TBC headquarters at Marjanishvili avenue, Tbilisi , type =
Joint Stock Company A joint-stock company (JSC) is a business entity in which shares of the company's capital stock, stock can be bought and sold by shareholders. Each shareholder owns company stock in proportion, evidenced by their share (finance), shares (certifi ...
, traded_as = , industry = Banking,
Financial services Financial services are service (economics), economic services tied to finance provided by financial institutions. Financial services encompass a broad range of tertiary sector of the economy, service sector activities, especially as concerns finan ...
, foundation = 1992 , location_city =
Tbilisi Tbilisi ( ; ka, თბილისი, ), in some languages still known by its pre-1936 name Tiflis ( ), ( ka, ტფილისი, tr ) is the Capital city, capital and List of cities and towns in Georgia (country), largest city of Georgia ( ...
, location_country =
Georgia Georgia most commonly refers to: * Georgia (country), a country in the South Caucasus * Georgia (U.S. state), a state in the southeastern United States Georgia may also refer to: People and fictional characters * Georgia (name), a list of pe ...
, key_people = Arne Berggren (chairman)
Vakhtang Butskhrikidze (CEO) , area_served = , products = Credit cards,
consumer banking Retail banking, also known as consumer banking or personal banking, is the provision of services by a bank to the general public, rather than to companies, corporations or other banks, which are often described as wholesale banking (corporate ba ...
,
corporate banking Wholesale banking is the provision of services by banks to larger customers or organizations such as mortgage brokers, large corporate clients, mid-sized companies, real estate developers and investors, international trade finance businesses, i ...
,
finance and insurance Financial services are service (economics), economic services tied to finance provided by financial institutions. Financial services encompass a broad range of tertiary sector of the economy, service sector activities, especially as concerns finan ...
,
investment banking Investment banking is an advisory-based financial service for institutional investors, corporations, governments, and similar clients. Traditionally associated with corporate finance, such a bank might assist in raising financial capital by und ...
,
mortgage loan A mortgage loan or simply mortgage (), in civil law (legal system), civil law jurisdictions known also as a hypothec loan, is a loan used either by purchasers of real property to raise funds to buy real estate, or by existing property owners t ...
s,
private banking Private banking is a general description for banking, investment and other financial services provided by banks and financial institutions primarily serving high-net-worth individuals (HNWIs) – those with very high income or substantial asset ...
,
private equity Private equity (PE) is stock in a private company that does not offer stock to the general public; instead it is offered to specialized investment funds and limited partnerships that take an active role in the management and structuring of the co ...
,
wealth management Wealth management (WM) or wealth management advisory (WMA) is an investment advisory service that provides financial management and wealth advisory services to a wide array of clients ranging from affluent to high-net-worth (HNW) and ultra-hi ...
, revenue = GEL1,591.8 million (2024) , operating_income = GEL1,495.1 million (2024) , net_income = GEL1,272.4 million (2024) , assets = GEL37,749.6 million (2024) , equity = GEL5,528.9 million (2024) , num_employees = , divisions = Corporate Banking, Retail Banking, SME Banking, Micro Banking , subsid =
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tbcbank.ge
TBC Bank ( ka, თიბისი ბანკი) is a Georgian bank headquartered in
Tbilisi Tbilisi ( ; ka, თბილისი, ), in some languages still known by its pre-1936 name Tiflis ( ), ( ka, ტფილისი, tr ) is the Capital city, capital and List of cities and towns in Georgia (country), largest city of Georgia ( ...
,
Georgia Georgia most commonly refers to: * Georgia (country), a country in the South Caucasus * Georgia (U.S. state), a state in the southeastern United States Georgia may also refer to: People and fictional characters * Georgia (name), a list of pe ...
. The name, ''TBC Bank'', traces its root to its original name, Tbilisi Business Centre, dating back to 1992. Currently, TBC is registered as the official name of the bank, not just an abbreviation of the original name. It is listed on the
London Stock Exchange The London Stock Exchange (LSE) is a stock exchange based in London, England. the total market value of all companies trading on the LSE stood at US$3.42 trillion. Its current premises are situated in Paternoster Square close to St Paul's Cath ...
and is a constituent of the
FTSE 250 Index The Financial Times Stock Exchange 250 Index, also called the FTSE 250 Index, FTSE 250, or, informally, the "Footsie 250" , is a stock market index that consists of the 101st to the 350th mid-cap blue chip companies listed on the London Stock ...
.


History

The history of TBC Bank dates back to 1992 when two Georgian businessmen Mamuka Khazaradze and Badri Japaridze, along with other Georgian partners founded the bank, Tbilisi Business Centre, abbreviated as TBC. They established the bank with an initial capital of $500, which was the amount required to establish the bank in Georgia in the early 1990s. The bank was licensed by the NBG (General banking license No. 85) on January 20, 1993, and was granted another license to conduct international transactions in May 1993. In 1995, the bank was operating with one branch and 29 employees, its total assets amounting to $1.4 million. Vakhtang Butskhrikidze, who joined the bank in 1993, was appointed to the position of chief executive officer (CEO) of TBC in 1995, and has remained in that position since his appointment. On 11 June 2014, the London Stock Exchange welcomed TBC Bank to the Main Market following its listing of Global Depositary Receipts (GDRs). The Bank raised $239m at IPO, giving it a market value of $640m. TBC Bank IPO was also the largest IPO from Georgia and the largest international off-index IPO from the EMEA region. In January 2019, the bank announced that it was being investigated by the National Bank of Georgia over the legality of certain transactions entered into in 2007 and 2008. In February 2019, the bank was instructed by the National Bank of Georgia to ask its chairman and deputy chairman to stand down on the basis of violation of the legislation regulating conflict of interests. The bank gained a banking licence in Uzbekistan in 2019, and acquired a 51% stake in the Uzbek payment provider, Payme, in the same year.


Operations


''TBC Leasing''

TBC Bank established JSC TBC Leasing, headquartered in
Tbilisi Tbilisi ( ; ka, თბილისი, ), in some languages still known by its pre-1936 name Tiflis ( ), ( ka, ტფილისი, tr ) is the Capital city, capital and List of cities and towns in Georgia (country), largest city of Georgia ( ...
,
Georgia Georgia most commonly refers to: * Georgia (country), a country in the South Caucasus * Georgia (U.S. state), a state in the southeastern United States Georgia may also refer to: People and fictional characters * Georgia (name), a list of pe ...
, in January 2004 with total assets of GEL 0.5 million. The Bank currently owns an 89.5% equity interest in TBC Leasing, with the remainder being held by the EBRD.


''TBC Credit''

TBC Bank acquired a 75.0% equity interest in TBC Credit in late 2007. The company was formerly known as SOA Kredit, a non-banking credit organization operating in the Micro and SME (MSME) financial services market in
Azerbaijan Azerbaijan, officially the Republic of Azerbaijan, is a Boundaries between the continents, transcontinental and landlocked country at the boundary of West Asia and Eastern Europe. It is a part of the South Caucasus region and is bounded by ...
since 1999.


''TBC Invest''

Established at the beginning of 2011, TBC Invest is a wholly owned subsidiary of JSC TBC Bank. It operates in the Israeli market, serving as an intermediary between Israeli clients and TBC Bank.


''My.GE''

TBC Bank acquired a majority stake in a Georgian e-commerce platform known as My.GE in August 2019.


''TBC Insurance''

In 2016, TBC Group acquired insurance company Kopenbur and established a new company, TBC Insurance.


''TBC Pay''

Digital payment platform based in Georgia, operated under the TBC Bank Group. It provides online and offline payment services for individuals and businesses and is part of the country’s broader digital finance infrastructure. TBC Pay supports a variety of payment types and money transfer methods and operates one of the largest networks of self-service payment terminals in Georgia.


Digital payments in Georgia

TBC Pay is part of the TBC Bank Group PLC, one of Georgia’s largest financial institutions. The platform offers digital services through a mobile app and website, as well as physical terminals located throughout the country. Its services are used for a wide range of payments, including utility bills, government fees, mobile top-ups, and transportation fines.


Social responsibility

As part of the bank's social responsibility projects, TBC Bank founded ''TBC Fund'' to help victims of the 2008 war in Georgia. The Bank established TBC Fund with GEL 5 million and, shortly after, raised an additional GEL 3 million for its programs. TBC Bank also co-founded the annual literature award, SABA, aimed at rewarding the best literature works of the year since 2003.


References

{{Authority control Banks of Georgia (country) Companies based in Tbilisi Banks established in 1992 1992 establishments in Georgia (country) Companies listed on the London Stock Exchange Companies in the FTSE 250 Index