NBG penalizes TBC Bank with 1 million GEL
NBG penalizes TBC Bank with 1 million GEL

TBC Bank confirmed that the National Bank of Georgia (NBG) penalized it with 1 million GEL. According to the bank, a complaint is filed in the court in objection to the imposition of the fine and the court has already made a decision about suspension of its payment. TBC Bank also released a statement.

“TBC Bank” will not tolerate deliberate destruction of our reputation, and if necessary, it will use all the leverage available to protect the legitimate interests of TBC Bank, its founders and international shareholders, – “TBC Bank” said in the statement.

“TBC Bank” accuses some media outlets of disseminating deliberately false information aiming to “destruct the reputation of “TBC Bank” and its founders deliberately and to harm one of the leading finical institutes of the country- “TBC Bank” at the local and international levels.”

“As for the statement of the Prosecutor’s Office regarding the documents, taken from the bank, it is about a legal banking operation performed in 2008, which: has been repeatedly reviewed by the state agencies and the National Bank during both the previous and current governments; has been repeatedly verified and confirmed by the international auditors; At the same time, the transaction is too old.

“TBC Bank” will not tolerate deliberate destruction of our reputation, and if necessary, it will use all the leverage available to protect the legitimate interests of TBC Bank, its founders and international shareholders,” the statement reads.

The General Prosecutor’s Office confiscated some documentation from TBC Bank on January 8. The main investigation body made the move based on the ruling of a court within the framework of an ongoing investigation.

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