We are ready to continue dialogue with the National Bank to find a way out in order to avoid potential negative impacts on the country's investment environment and the country's economy, -Mamuka Khazaradze, Chairman of the Supervisory Board of TBC Bank, said at a special news conference today.

He said that TBC Bank has filed a lawsuit to the court against all the decisions of the regulator and looks forward to the justice.

“we are a strong financial institution, a strong united team and we stand together to achieve ambitious goals. First of all, I would like to emphasize that we respect the state institutions and the law. Since the establishment of TBC [bank], our main value is transparency, honesty and subordination. As you know, TBC Bank has filed a lawsuit to the court against all the decisions of the regulator on the 11-year-old case and we look forward to the justice. Although, We are ready to continue dialogue with the National Bank to find a way out in order to avoid potential negative impacts on the country's investment environment and the country's economy, "Mamuka Khazaradze said.

The National Bank of Georgia (NBG) gave TBC Bank’s shareholders two months notice to remove the Chairman of the Supervisory Board, Mamuka Khazaradze and his deputy Badri Japaridze from the Supervisory Board. The NBG says its decision is linked with the cases of violations of the legislation related to the conflict of interest in transactions of 2007-2008, detected during the examination of the TBC Bank’s accounts.