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).
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
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
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