Georgian Post Signs Cooperation Agreement with TBC Bank

Georgian Post Customers will be able to receive TBC Bank’s products and services at all service centers across Georgia.

The general directors of both companies discussed the details of the cooperation on 24 October at a press conference held at Tbilisi Marriott.

Within the framework of cooperation, Georgian Post users will have the opportunity to send or receive messages in one place and use TBC Bank and TBC Insurance services and products, as well as to carry out financial transactions in the Georgian Post service centers. The goal of cooperation is to save users time and increase access to postal and banking services.

At the first stage, banking services will be available in several service centers of Georgian Post, and in 2019 the novelty will be gradually implemented in all service centers located in Georgia.

“Our decision to cooperate with the banking sector is a policy focused on the customer, where the practice of successful postal operators of other countries is taken into account,” said Levan Chikvaidze, General Director of Georgian Post. “I think cooperation will have many directions, not limited to postal and financial products. Sharing the experience of two leaders in the field in the country is useful for more innovation initiatives. TBC Bank’s team is distinguished by its interesting view of new technologies, and the future plans of Georgian Post are directly related to technological innovations.”

“We are pleased to start cooperation with Georgian Post, the national postal leader, which provides customers with services throughout Georgia. Both companies have a lot in common – we are focused on development, creating comfort for customers and offering innovative services and products in accordance with their needs and interests,” said TBC Bank’s CEO, Vakhtang Butskhrikidze. “Therefore, I am confident that this cooperation will be very successful, and Georgian Post and TBC Bank will jointly be able to offer you many interesting initiatives.”

Georgian Post is the largest postal organization in the country, distinguished by its choice of both service and large network of service centers. The Georgian Post is represented by 82 service centers across the country. The aim of the company is to provide high quality services to all citizens of the country and ensure their right to receive postal services anywhere.

TBC Bank is the first bank in Georgia with all key parameters. As of June 30, 2018, the total bank assets of TBC Bank constituted 37.1%, loan portfolio – 38.3%, and deposit portfolio – 39.5%. TBC Bank serves retail, micro, small, medium and corporate segment and more than 2.3 million customers. TBC Bank has 7,200 employees across Georgia. The number of bank branches is 152 (including TBC credit).

TBC Bank shares are traded on the London Stock Exchange since 2014.

By Ana Dumbadze