In February DEG allocated to TBC Bank USD 10 million subordinated loan invested in the equity of TBC Bank.|
On March 1, EBRD purchased 10% of TBC Leasing shares. At the same time it allocated USD 3 million worth loan to TBC Leasing. This is the first EBRD investment in the Georgian leasing sector.
In April, American magazine “Global Finance”, in its regular bank rating “The Best Banks of Developing Markets of the World” has rated TBC Bank as the best bank in Georgia.
On May 1 TBC Bank and IFC reached Agreement on Implementation of Technical Assistance Project. Goal of the Project is strengthening of the position of TBC Bank in retail sales segment.
In May TBC Bank and City Bank reached agreement on allocation of unsecured loan in the amount of USD 35 million. This has been the largest credit line ever provided by foreign commercial banks to a Georgian bank.
In July EBRD provided TBC Bank with USD 15 million worth credit line, which was intended for mortgage lending in Georgia.
On August 28th, the international Rating Agency Fitch Ratings revised the Outlook on TBC Bank from Stable to Positive.
In November, Netherlands Development Financial Company (FMO) and TBC Bank reached the agreement on allocation of USD 10 million worth credit line for 5 years term.
In December an International Organization – Business Initiative Directions granted TBC Bank with a Gold Star – the international quality award.
Moody’s international rating agency has for the first time awarded credit ratings to TBC Bank under the following categories: long-term ratings B3 for foreign currency and Baa 3 for local currency. This, currently, is the highest rating achievable in the country.