• Sign in
  • 1744009905_435.svg 1744009905_642.svg

  • Latest news
  • Top headlines
  • Most read
  • Columnists
O'zbekcha
Ўзбекча
Русский
  • O'zb
  • Ўзб
  • Рус
  • Eng
  • O'zb
  • Ўзб
  • Рус
  • Eng
  • Latest news
  • Top headlines
  • Most read
  • Columnists
    • USD12831.81
    • RUB163.75
    • EUR14606.45
    • Google play
    • App Store
    • Telegram
    • Tashkent
      +34°C
      • Andijan
      • Karshi
      • Bukhara
      • Samarkand
      • Ferghana
      • Sirdarya
      • Jizzakh
      • Termez
      • Namangan
      • Tashkent
      • Navoiy
      • Tashkent reg
      • Nukus
      • Urgench
    • Daryo
      • About Daryo
      • Editorial office
      • Contact us
      • Terms of use
      • Privacy policy
      • News archive
    • Advertisement
    • Social networks
      • Instagram | Main
      • Instagram | Lifestyle
      • Instagram | Sport
      • Facebook | Main
      • OK | Main
      • YouTube | Daryo
      • YouTube | Daryo in Russian
      • YouTube | Daryo Global
    Telegram Youtube Facebook Instagram Twitter vkontakte
    Daryo logo white
    • Uzbekistan
      • Others
      • Navoi
      • Tashkent region
      • Syrdarya
      • Jizzakh
      • Kashkadarya
      • Surkhandarya
      • Khorezm
      • Bukhara
      • Samarkand
      • Namangan
      • Fergana
      • Andijan
      • Karakalpakstan
      • Tashkent City
      • DaryoKindness
      • Weather
    • Central Asia
      • Uzbekistan
      • Afghanistan
      • Kyrgyzstan
      • Kazakhstan
      • Turkmenistan
      • Tajikistan
    • World
    • Money
      • Business
      • Economics
      • Finance
      • Crypto
    • Culture
      • Movies
      • Books
      • Music
      • Celebrities
    • Lifestyle
      • Women only
        • Children
        • Beauty
        • Carrier
        • Advises
        • Fashion
        • Recipes
      • Technology
        • Architecture
        • Gadjets
        • Science
        • Space
        • Media
      • Auto
      • Entertainment
      • Travel
      • Health
      • Education
        • Entrant
        • Learn english
    • Sport
      • Football
      • UFC
      • Boxing
    infinix
    Daryo.uz - Login
    Daryo.uz Daryo.uz
    Daryo.uz - Login
    Uzbekistan World Finance

    TBC Bank Group exceeds 2023 sustainable financing target reaching $380mn

    TBC Bank Group exceeds 2023 sustainable financing target reaching $380mn

    TBC Bank Group, the largest bank in Georgia, has successfully met and exceeded its sustainable financing target for 2023. As per to its latest sustainability report, TBC Bank's sustainable portfolio expanded by 57% year-on-year, reaching GEL 1.2 bn ($380mn). This achievement surpasses the bank’s initial goal of GEL 1 bn ($357 bn).

    Photo: 
    Source: OC Media

    The London-listed TBC Bank Group, which operates both physical and digital channels in Georgia and a branchless model in Uzbekistan, has committed to further expanding its sustainable portfolio throughout 2024.

    “Our commitment to sustainability comes from our role in creating opportunities for transitioning to a sustainable, technology, and innovation-driven economy in Georgia. We aim to increase the resilience of households, businesses, and society towards future challenges, and to provide young generations with the means to pursue their goals in a safe and prosperous environment. With the international expansion of our operations, sustainable development approaches have also been incorporated into our subsidiaries. Our role is connected to our responsibility to contribute to a better future through innovation and technology to increase the accessibility of financial services and to enable our customers to be part of the globalized economic society,’’ stated Vakhtang Butskhrikidze, CEO of TBC Bank. 

    Environmental Initiatives and Achievements

    TBC Bank is actively working to reduce its direct environmental impact. The bank aims to achieve net zero carbon emissions by 2025 and has committed to implementing solar energy solutions in all major branches by the end of 2024. Last year, TBC installed two solar power plants, which supply energy to its branches and facilities in Georgia. In Uzbekistan, TBC installed 19 solar panels at its head office in Tashkent in 2023. The bank also plans to install 36 electric charging stations at its offices and other premises in 2024.

    Community Support and Employee Development

    TBC Bank is not only focusing on environmental sustainability but also on community support and employee development. The bank allocated GEL 2 mn ($714,294)  for social and charitable projects and raised GEL 800,000 ($285,717) for the population affected by the Shovi landslide. TBC has launched several educational initiatives, including a Tech-School for schoolchildren and the TBC x USAID Technological Education program, to support the development of future generations.

    Recognition and Awards

    TBC Bank's efforts in sustainability have been recognized internationally. The bank holds an MSCI ESG rating of ‘AA’, the second highest on the scale. Additionally, TBC received the European Bank for Reconstruction and Development’s (EBRD) Annual Sustainability Silver Award in 2023 for its exemplary environmental and social practices.

    Earlier Daryo reported that TBC Bank Group has announced that Fitch Ratings has started covering its subsidiary, TBC Bank Uzbekistan, assigning it a Long-Term Issuer Default Rating (IDR) of 'BB-' with a Stable Outlook.

    Follow Daryo's official Instagram and Twitter pages to keep current on world news.

    07.06.2024, 19:01   Comments (0)   1516
    Facebook Twitter LinkedIn Telegram Email

    Comments (0)

    Sign in
    Leave A Reply Cancel

    On this topic

    Former Tinkoff CEO, Oliver Hughes, shares fintech vision for Uzbekistan's growth 

    23.02.2024, 14:03

    TBC Bank Uzbekistan doubles loan portfolio to $345mn, registers 43.1% surge in customers 

    11.05.2024, 10:30

    TBC Bank Uzbekistan receives BB- rating from Fitch 

    06.06.2024, 18:12

    Uzbekistan's path to WTO: from landlocked to land-linked

    07.06.2024, 17:58

    Europe losing tourists to Uzbekistan, Kazakhstan, and Sri Lanka amid visa woes 

    07.06.2024, 16:33

    “China-Kyrgyzstan-Uzbekistan railway is a strategic project for connectivity between China and Central Asia” President Xi Jinping of China

    07.06.2024, 15:31
    ×Lightbox Image

    Daryo.uz | Solution to your problems


    Don't want to waste time standing in lines? Pay your utility bills through the Ipoteka Retail mobile app?


    More than 500,000 new users: residents of Uzbekistan choose the Hambi superapp


    Beepul 's rising popularity: 3.5x user growth, transaction up 2.3x in 2024


    Beeline Uzbekistan started 2025 with a significant network modernization

     

    Recommended

    Central Bank warns half of monthly income goes to loans as debt burden rises in Uzbekistan

    3 June, 12:34

    Uzbekistan’s foreign trade turnover reaches $24.6bn in 4M25, up 16.3% y/y

    22 May, 11:29

    "We wouldn’t have won without U.S. aid" – The hidden truths behind the USSR’s World War II victory

    12 May, 15:39

    Uzbekistan's banking deposits surge to $25.2bn in March

    8 May, 17:24
     
     
     

    Latest news

    Uzbekistan opens trade house in Lahore to boost business ties with Pakistan

    Uzbekistan | 5 June, 09:00

    Turkmenistan launches CODI assessment with UNICEF, ILO, and World Bank to enhance social protection system

    Turkmenistan | 4 June, 17:00

    Kazakhstan, OECD sign deal to advance reforms and strengthen regional competitiveness

    Kazakhstan | 4 June, 15:19

    Pladis expands into Uzbekistan with new distribution centre

    Uzbekistan | 4 June, 14:18

    EBRD backs women-led businesses and green initiatives in Kyrgyzstan with $8mn for FINCA Bank

    Kyrgyzstan | 4 June, 13:21

    "There is nothing shameful about this" — Deputy PM Kuchkarov defends Uzbekistan’s public borrowing

    Uzbekistan | 4 June, 11:36

    Uzbekistan startups gain momentum with $5mn Imkon Ventures fund to drive tech growth and job creation

    Uzbekistan | 4 June, 10:30

    Uzbekistan remains world’s top gold seller for third month running

    Uzbekistan | 4 June, 09:13

    Afghanistan’s Balkh province doubles wet fruit harvest despite drought

    Afghanistan | 3 June, 17:11

    Kazakhstan and Afghanistan discuss expanding trade, infrastructure, and digital cooperation

    Kazakhstan | 3 June, 15:02
    Daryo About Us

    Full reproduction or partial quoting of material, as well as the use of photographic, graphic, audio and/or video materials of Daryo (the Uzbek Press and Information Agency (UzAPI, now the Agency for Information and Mass Communications under the Presidential Administration of the Republic of Uzbekistan) is registered on 13.03.2015 with certificate number No. 0944 as a mass media) is allowed if there is a hyperlink to the website daryo.uz and/or are accompanied by a note indicating the authorship of the online publication Daryo. Individual publications may contain information that is not intended for users under the age of 18. Info@daryo.uz

    Telegram Youtube Facebook Instagram Twitter vkontakte

    © Simple Networking Solutions, 2013–2025

    Age restriction

    Did you find a bug? Press Ctrl + Enter

    • Terms of use
    • Privacy policy
    • Advertisement
    What are we going to search for?

    Sign In or Register

    Welcome Back!

    Login below or Register Now.

    Google

    or with email

    Leaving a comment, Пользовательского соглашения and Политики конфиденциальности

    Register Now

    Already registered? Login.

    Google

    or with email

    A password will be e-mailed to you.

    Leaving a comment, Пользовательского соглашения and Политики конфиденциальности

    Found an error in the text?

    ×

    Thank you. We have received your message and will fix the error as soon as possible.