Georgia Bank Grabs Market Share as SocGen Retreats From Country

  • TBC’s $136 million purchase will create country’s biggest bank
  • TBC and Bank of Georgia will hold two-thirds of local market

TBC Bank Group Plc agreed to buy Societe Generale SA’s ’s business in Georgia in a deal that would create the country’s biggest retail bank and consolidate most of the market in two domestic lenders.

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