TBC Bank is one of the two biggest commercial banks in Georgia and is listed on the London Stock Exchange.

The rate on access operations to provide liquidity was set at 10.75 percent and the rate on access operations to withdraw liquidity - at 8.75 percent.

Commercial banks reported a total net profit of 1.642 billion lari ($529 million) from January to September compared to a loss of 252.1 million lari in the same period in 2020.

Lenders reported a fall in total net profit of 1.4 percent year-on-year of 505.6 million manats ($297.4 million) in the period from January to September 2021.

The regulator’s decision was based on some key factors, including high inflation expectations, an unchanged inflation target of 10 percent.

Annual inflation in Ukraine climbed to 11 percent in September, up from 10.2 percent in August.