The LSE-listed lender’s CFO Giorgi Shagidze spoke to bne IntelliNews about the bank’s plans for a country that has won international plaudits for its reforms.
Development bank pulled out of country for 10 years because of ex-president’s Karimov’s track record on rights. But under reform-minded Mirziyoyev it has made an active return.
Arrival of Georgia’s TBC Bank on local market may incentivise local banks to digitise, provide good customer service and eliminate bottlenecks.
Summer could see LSE-listed lender start banking operations in country riding wave of ‘Mirziyoyev’ reforms. Central Asian nation has low but rising penetration of banking products.