Global Finance Magazine Named TBC Bank as the Best Bank of 2011

Global Finance magazine named TBC Bank as the best bank of 2011 in Georgia. Such huge universal banks as Deutsche Bank, Rabobank, Santander, Credit Suisse, etc have also won in the same nomination.

Global Finance editors—with input from industry analysts, corporate executives and banking consultants—selected the best emerging market bank in the region and in 21 countries.

Criteria for choosing the winners included growth in assets, profitability, strategic relationships, customer service, competitive pricing, and innovative products.

This is the ninteenth year that the magazine has selected top banking performers in emerging markets. The report covers best banks in Asia, the Middle East, Africa, Latin America, and Central and Eastern Europe. “We remain in an unusually challenging environment for banks and their customers,” says Joseph Giarraputo, publisher of Global Finance. “More than ever, customers are demanding superior competence from their banking partners. These are the banks best providing that competence.”

„This is a great honor for us to receive such a prestigious award from Global Finance Magazine. It motivates us to strengthen our positions in Georgia and in the region,” says Vakhtang Butskhrikidze, TBC Bank CEO.