The FINANCIAL -- TBC Bank has been recognized as one of the World’s Best Emerging Markets Banks 2014 by Global Finance Magazine, winning in the “Best Bank in Georgia” category for the third consecutive year.
Global Finance editors selected winners based on the input from industry analysts, corporate executives and banking consultants and the results of the Magazine’s corporate readership poll. Best banks were assessed against the following criteria: growth in assets, profitability, strategic relationships, customer service, competitive pricing, and innovative products.
“Faced with slowing growth and volatile markets, these banks are star performers under increasingly challenging conditions,” said Joseph D. Giarraputo, publisher and editorial director of Global Finance. “The banks that Global Finance is honoring may not be the largest or oldest, but they are the best at targeting their products and offerings to the specific markets they serve.”
Vakhtang Butskhrikidze, the Chief Executive Officer, commented, “We are deeply honored to win the Best Bank in Georgia award for the third year in a row. The continued recognition from the Global Finance editorial board and experts reflect our strong financial performance and longstanding leadership in innovation and customer experience. This excellent achievement is an important award for the dedication and talent of the entire TBC Bank team," he added.
This is the twenty-first year the Magazine has named the best banks in emerging markets.