TBC Bank Named Leading Partner Bank in Trade Financing in Georgia by ADB

Asian Development Bank (ADB) named TBC Bank the ‘Leading Partner Bank for Trading in Georgia’ for the fourth time running. The awards ceremony was held in Singapore and attended by about 200 representatives of banks and financial institutions across 15 countries. ADB identified 23 best partner banks with which it cooperates most actively.

"Over the past 12 months, we have achieved positive financial indicators with the help of our partner banks,” said Stephen Beck, Head of Asian Development Bank's Trade Financing Program. “It is a great opportunity to reward them once again for the partnership and for the work done. In cooperation with the winning banks, we have collectively contributed a large share towards economic growth and employment opportunities.”

ADB was founded in 1966 with the purpose of reducing poverty through economic growth and regional integration in the Asian and Oceanian countries. ADB financed a number of sectors across various countries in 2017 with a total of $32.2 bln.

Since 2009, the ADB Trade Financing Program has provided over 12,000 small and medium enterprises with financial support, equaling a total of $30bln worth of 16,600 transactions.

By Anna Zhvania