TBC Bank : named the Best Foreign Exchange Provider 2022 in Georgia

TBC Bank is delighted to announce that it has been named the Best Foreign Exchange Provider 2022 in Georgia by Global Finance for the fourth consecutive year. Criteria for choosing the award winners included transaction volume, market share, scope of global coverage, customer service, competitive pricing and innovative technologies.

Vakhtang Butskhrikidze, Chief Executive Officer of TBC Bank, commented:
“This award recognizes our efforts to offer the best foreign exchange products and services to our customers. In an economy like Georgia, where demand for foreign currency transactions is high, both individuals and businesses need a reliable partner to support their FX operations and offer proper mitigation against FX risks. I would like to take the opportunity to thank our treasury team for their outstanding efforts.”

Joseph D. Giarraputo, publisher and editorial director of Global Finance:
“The ongoing, pandemic related disruption in cross-border trade and global supply chains emphasizes the importance of superior foreign exchange partners. These awards honor banks with strong FX departments that have best guided their clients through turbulent and unprecedented times.”

About Global Finance:
Global Finance, founded in 1987, has a circulation of 50,000 and readers in 193 countries. Global Finance’s audience includes senior corporate and financial officers responsible for making investment and strategic decisions at multinational companies and financial institutions. Its website – GFMag.com – offers analysis and articles that are the legacy of 35 years of experience in international financial markets. Global Finance is headquartered in New York, with offices around the world. Global Finance regularly selects the top performers among banks and other providers of financial services. These awards have become a trusted standard of excellence for the global financial community.

For further enquiries, please contact:
Director of International Media and Investor Relations
Zoltan Szalai

Or

Head of Investor Relations
Anna Romelashvili
ir@tbcbank.com.ge

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 and other closely related fields. TBC PLC also recently expanded its operations in Uzbekistan. 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 38.4% of customer loans and 40.1% of customer deposits as of 30 September 2021, according to data published by the National Bank of Georgia.