TBC Mgmt Completed Strategic Session at Stanford

RNS Number : 8731K

TBC Bank Group PLC

02 September 2019

 

TBC Bank Management Completed Customized Strategic Session at Stanford Graduate School of Business TBC Bank Group PLC is delighted to announce that its top management and selected members of middle management team comprising of around 30 people completed a custom-designed strategic session at Stanford University Graduate School of Business (GSB), ahead of the Bank's annual strategic review. Stanford Executive Education, a unit within Stanford GSB, designed the exclusive strategic session specifically around TBC's long-term priorities with a focus on ecosystems, agile transformation and change management. The program lasted for one week and was comprised of the following courses: Innovation as a process Designing solutions for customers and for behavior change Human creativity Changing the business model Tech in finance, Rise of FinTech Exploration and exploitation Scaling excellence Winning through innovation Learning in action The program was designed for TBC based on Stanford Executive Education's custom strategic session approach and was led by William P. Barnett, Thomas M. Siebel Professor of Business Leadership, Strategy, and Organizations at Stanford GSB. The session was completed with the summary of learning and insights on what and how to reflect it in TBC's strategy and everyday life. William P. Barnett commented: "I went into the program knowing that TBC is in the vanguard of bringing technology and agile thinking into the financial services industry. But I was still not prepared for what I encountered. The men and women from TBC proved to be unparalleled, both in the level of their complex discussions and in their commitment to innovation. The world should keep its eye on TBC, as its leaders continue to pioneer new approaches to delighting customers and transforming financial services." Vakhtang Butskhrikidze, CEO of TBC Bank, commented: "This was a unique experience that has helped us to look at our businesses and strategic priorities from a variety of perspectives. We are energized with new ideas and are excited to start implementing them in our strategy and sharing them with the wider team. We look forward to putting them into action for the benefit of our customers across our offering. I would like to thank William Barnett and the entire faculty for preparation of this important program."  About Stanford Executive Education: Stanford Graduate School of Business (GSB) annually offers more than 100 short courses and certificate programs through its Stanford Executive Education program. Executive Education programs are targeted at managers and senior executives seeking to enhance leadership skills, fill gaps in knowledge, and innovate within their organizations. These programs engage leaders in a highly-immersive, research-based academic experience, led by the same senior faculty that teach in the two-year MBA and one-year MSx degree programs. Participants leave with lifelong connections to a global network of peers.  Please visit the Executive Education website (www.gsb.stanford.edu) for more information on the GSB offerings. For further enquiries, please contact: Director of International Media and Investor Relations Zoltan Szalai Or Head of Investor Relations Anna Romelashvili [e-mail] About TBC Bank Group PLC ("TBC PLC") TBC PLC is a public limited company registered in England and Wales that was incorporated in February 2016. TBC PLC became the parent company of JSC TBC Bank ("TBC Bank") on 10 August 2016. TBC PLC is listed on the London Stock Exchange under the symbol TBCG and is a constituent of FTSE 250 Index. TBC Bank, together with its subsidiaries, is the leading universal banking group in Georgia, with a total market share of 38.5% of loans and 41.0% of non-banking deposits as at 30 June 2019, according to data published by the National Bank of Georgia.

 

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