OREANDA-NEWS. November 12, 2012. TBC Bank opened its new branch in Digomi (address: I block, I building). Members of the supervisory board and top management attended the opening ceremony. Branch will offer full banking service to customers from today.

After the opening ceremony, TBC Bank’s deputy CEO, Paata Ghadzadze summarized financial results of 9 months and also reviewed nonfinancial achievements and success.

TBC Group increased its major financial indicators during the first 9 months of 2012: financial indicators reached the maximum level in the history of the bank:

Assets increased by GEL 465 million and reached GEL 3 806 million;

Loan portfolio increased by GEL 287 million and exceeds GEL 2 408 million;

Deposit portfolio increased by GEL 373 million and now reaches GEL 2 357 million.

The growth dynamics of TBC Bank’s subsidiary Bank Constanta can also be considered successful. During 2012 Constanta increased its assets by 45% and its credit portfolio by 40%, deposit portfolio grew by 244%.

2012 is also considered successful by other subsidiaries of TBC Bank: TBC Leasing increased its credit portfolio by 17%, TBC Credit, operating in Azerbaijan increased its assets by 13.5%. Deposit portfolio of TBC Invest (Israel) increased by USD 24 million. As for TBC Bank, it maintains largest share on deposit market. On Georgian market 33.7% of individuals’ deposits are placed in TBC Bank.

This success has not gone without international recognition and awards. In 2012 TBC Bank gained awards from three largest international magazines, Global Finance, Emeafinance and Euromoney. TBC bank was named as the best bank of 2012 in Georgia.

In addition, Fitch upgraded TBC Banks rating in two categories: it increased bank’s long-term rating from B+ to BB- and viability rating from B+ to BB-.