TBC Bank, part of London-listed TBC Bank Group PLC, has been named the Best Digital Bank in Georgia by the Euromoney Awards for Excellence 2024. Euromoney also recognised TBC Bank as the Best Bank for Corporates in Georgia.
TBC Bank is the leading tech-enabled bank in Georgia, operating through digital and physical channels. It enjoys a robust market leading position in the country, with a 39.1% share of total loans and a 39.5% share of total deposits, as of 1Q 2024. TBC Bank’s sister company is TBC Uzbekistan, the leading digital banking ecosystem in Central Asia.
Euromoney highlighted TBC Bank’s significant expansion of digital services over 2023, which saw an increase in the number of onboarded customers, mobile app downloads, digital transaction volume, and digital loan adoption. TBC also expanded its digital services offering, launching its own dedicated investment platform.
TBC Bank was also recognized as the Best Bank for Corporates due to its digital initiatives, such as electronic signatures and a new treasury module, as well as its significant role in developing Georgia’s major public infrastructure projects.
Vakhtang Butskhrikidze, CEO of TBC Bank Group, said: “We are proud to receive this prestigious recognition from Euromoney in reflection of our innovative approach to providing tech-enabled banking services. This award highlights TBC’s continued dominance in Georgia and underlines the experience and ability of our team in building best-in-class financial products, delivering improved customer experience and increased efficiency for our individual and corporate customers.”
About Euromoney
Euromoney is one of the most recognised and reputed brands within banking and finance, providing unique insights into the institutions and personalities that shape banking and drive global markets. For over 30 years, the Euromoney Awards for Excellence have recognised and celebrated the achievements of pioneering banks and bankers across the globe, providing a benchmark for the global financial industry.
About TBC Bank Group PLC (“TBC PLC”)
TBC Bank Group PLC (“TBC PLC”) is a public limited company registered in England and Wales. TBC PLC is the parent company of JSC TBC Bank (“TBC Bank”) and a group of companies that principally operate in Georgia in the financial sector. TBC PLC also offers non-financial services via TNET, the largest digital ecosystem in Georgia. Since 2019, TBC PLC has expanded its operations into Uzbekistan by operating fast growing retail digital financial services in the country. TBC PLC is listed on the London Stock Exchange under the symbol TBCG and is a constituent of the FTSE 250 Index. It is also a member of the FTSE4Good Index Series and the MSCI United Kingdom Small Cap Index.
TBC Bank, together with its subsidiaries, is a leading universal banking group in Georgia, with a total market share of 39.1% of customer loans and 39.5% of customer deposits as of 31 March 2024, according to data published by the National Bank of Georgia on the analytical tool Tableau.
