In light of recent developments, the National Bank of Georgia positively assesses the decision of TBC Bank’s founding shareholders to leave their positions in TBC Bank Group PLC Supervisory Board (100% shareholder of TBC Bank in London).
The National Bank of Georgia affirms that the TBC Bank is one of the leading financial organization in the country and the region. The Bank is a strong and sustainable financial institution. Since April Mr. Khazaradze and Mr. Japaridze no longer hold positions in TBC Bank's Supervisory Board and recent developments will not affect the bank’s operations.