TBC Bank Group PLC TBC welcomes statements of support from partners (8851G)
26 Luglio 2019 - 12:13PM
UK Regulatory
TIDMTBCG
RNS Number : 8851G
TBC Bank Group PLC
26 July 2019
TBC Bank welcomes statements of support from its long-standing
partners
TBC Bank Group PLC welcomes yesterday's statements of support by
two of its long-standing partners, the European Bank for
Reconstruction and Development ("EBRD") and the International
Finance Corporation ("IFC") in the context of the appointment of
new Chairman, Nikoloz Enukidze. That appointment followed the
decisions by the Chairman and Deputy Chairman to step down in order
to focus on refuting the claims made against them and to ensure
that those claims do not affect the Bank.
EBRD's statement is available on its website at:
www.ebrd.com
IFC's statement is available on its website at: www.ifc.org
Vakhtang Butskhrikidze, Chief Executive, commented: "Our
relationship with the EBRD and the IFC goes back almost two decades
and their co-operation and support with TBC Bank has been
instrumental in the development and success of the Bank over the
years. We welcome and appreciate their recent public statements of
support for TBC Bank. The current attention on certain historic
matters and board changes will not distract the Group from focusing
on creating shareholder value and we look forward to continuing our
successful long-term relationship with them."
For further enquiries, please contact:
Director of International Media and Investor Relations
Zoltan Szalai
Or
Head of Investor Relations
Anna Romelashvili
ir@tbcbank.com.ge
About TBC Bank and 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 premium segment of 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
38.4% of loans and 40.4% of non-banking deposits as at 31 March
2019, according to data published by the National Bank of
Georgia.
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END
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