Association of Banks of Georgia supports TBC Bank

The Association of Banks of Georgia supports TBC Bank, all its employees and calls on the stakeholders to refrain from excessive insinuations.

According to the statement released by the Association, yesterday’s decision of the National Bank will not affect TBC Bank's future development and its strategy.

“TBC Bank is the leading financial institution, which is represented in the premium segment of the London Stock Exchange (FTSE250) and is governed by internationally recognized standards. TBC Bank is a leading financial institution not only in the country, but in the region. This gives us the right to state that the decision of the regulator will not affect TBC Bank's future development and its strategy.

We welcome the decision of the TBC Bank management to use all legal ways to protect the interests of its shareholders and the bank.

The Association of Banks of Georgia supports TBC Bank, all its employees and calls on the stakeholders to refrain from excessive insinuations”, reads the statement.