The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.


All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.
Banking

Georgia

Awards of Excellence

Central and Eastern Europe regional awards


Best Bank: Bank of Georgia

In the past year the Bank of Georgia has continued to carve out a leading edge in the ever-growing Georgian market. It remains Georgia’s largest retail bank, with 33% market share, holds 27.6% of the loan market and retains the title of most profitable bank in the ex-Soviet country. Combined with dominating the local market and having investors such as East Capital and Firebird Management, the bank also successfully entered the international markets this year. In November 2006 it became the first Georgian company and the second CIS bank to list its shares through GDRs on the London Stock Exchange. Following this success, in February, the Bank of Georgia issued $200 million of regulation S senior unsecured Eurobonds. These two deals seal its position as the best bank in Georgia. TBC Bank is tipped as a major growth story in the next few months and stands to be the only real competitor for this award next year, especially since its transparency standards are recognized as being superior to Bank of Georgia’s.


You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree