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GEORGIAN TBC BANK TO ENTER AZERBAIJAN
The Financial
Dec 11 2007
Georgia
The FINANCIAL -- Mamuka Khazaradze and Vakhtang Butskhrikidze,
TBC Bank will make official statement regarding bank expansion in
Azerbaijan on 11 December, TBC Bank reported 1 hour ago.
Earlier Khazaradze said that TBC Bank will use additional investments
to expand in the South Caucasus region.
He noted that investments in Armenia are also considered, but he added
"Armenian market is less interesting than that of Azerbaijan."
"And now TBC Bank will become a grip through which it will be
possible to expand in the region... We also eye Ukrainian market,"
Khazaradze said.
On September 30, 2007, TBC Bank's total assets exceeded 1 Billion USD.
By the end of last year, the bank's total assets amounted to 560
million USD, meaning that during the last nine months of the current
year there was an 80% increase.
According to the most current information, TBC Bank's total capital
accounts for 264 million GEL, total credit portfolio is 1,077 million
GEL, and the volume of deposits portfolio totals 772 million GEL.
The Financial
Dec 11 2007
Georgia
The FINANCIAL -- Mamuka Khazaradze and Vakhtang Butskhrikidze,
TBC Bank will make official statement regarding bank expansion in
Azerbaijan on 11 December, TBC Bank reported 1 hour ago.
Earlier Khazaradze said that TBC Bank will use additional investments
to expand in the South Caucasus region.
He noted that investments in Armenia are also considered, but he added
"Armenian market is less interesting than that of Azerbaijan."
"And now TBC Bank will become a grip through which it will be
possible to expand in the region... We also eye Ukrainian market,"
Khazaradze said.
On September 30, 2007, TBC Bank's total assets exceeded 1 Billion USD.
By the end of last year, the bank's total assets amounted to 560
million USD, meaning that during the last nine months of the current
year there was an 80% increase.
According to the most current information, TBC Bank's total capital
accounts for 264 million GEL, total credit portfolio is 1,077 million
GEL, and the volume of deposits portfolio totals 772 million GEL.