Baku, Finance Time. TBC Kredit inaugurated its first regional branch. On July 1, an official branch opening ceremony took place in Khachmaz. The new branch is situated on the central street of Khachmaz, Nariman Narimanov 135. The TBC Kredit’s managerial staff and members of the Supervisory board (TBC Bank, Georgia and Enclude Holding, USA) participated at the ceremony.

The branch offers small and medium-size business lending, as well as consumer loans. A special discount campaign was announced for residents of Khachmaz in connection with branch opening.

‘Khachmaz Branch is our first branch in Azerbaijani regions. We did want to spread our branch network beyond Baku and Sumgait with the first location to be Khachmaz. We are glad to be able to offer our service spectrum to the Region and we do strongly believe in the prosperity of our business and professionalism of our personnel’, emphasized the TBC Kredit CEO David Kighuradze.

Prior to the Khachmaz Branch, TBC Kredit had already launched its new branch in Sumgait offering a full spectrum of services. At the moment, there are already six fully active branches, five of which are situated in the Absheron peninsula (i.e. Baku and Sumgait). The Company is planning to enlarge its branch network, according to the scheduled development plan.

TBC Kredit, a non-banking credit organization, has been operating in Azerbaijan since 1999. Starting from 2007, 75 per cent of stocks belongs to the Georgian TBC Bank, while 25 – to the Enclude Holding, USA (former ShoreBank International,USA).