TBC Bank Group PLC TBC launches consumer finance in Uzbekistan

Data : 18/12/2019 @ 10:32
Fonte : UK Regulatory (RNS & others)
Titolo : Tbc Bank Group Plc (TBCG)
Quotazione : 1340.0  4.0 (0.30%) @ 13:14
Quotazione Tbc Bank Grafico

TBC Bank Group PLC TBC launches consumer finance in Uzbekistan

TIDMTBCG

RNS Number : 3035X

TBC Bank Group PLC

18 December 2019

 
                                     TBC launches consumer finance in Uzbekistan 
 
            TBC Bank Group PLC has today announced that it has launched a point-of-sale consumer financing 
              trial in Uzbekistan. The Bank is offering customers financing for the purchase of consumer 
              products primarily in the electronics and furniture markets. TBC Bank plans to expand its 
           point-of-sale network to 15 locations by the end of January, with a target of up to 50 locations 
                                                 by the end of 2020. 
 
              This initiative is in line with TBC Bank's international strategy to expand in the region 
              and marks an important milestone in building the Bank's presence in Uzbekistan. The Uzbek 
             market is highly attractive, with a population of 33 million that is growing at around 2.0% 
              per year, increasing market liberalization and a retail loans to GDP ratio of only 6.0% at 
                                                   the end of 2018. 
 
                       Vakhtang Butskhrikidze, Chief Executive Officer of TBC Bank, commented: 
 
            "The launch of consumer finance products in Uzbekistan is another important step in TBC Bank's 
             expansion plans in the country and follows our acquisition of the country's leading payment 
            company, Payme, earlier in the year. Both initiatives are integral parts of our digitally-led 
             growth strategy and will provide us with valuable information about the market prior to the 
                                       launch of our full banking operations." 
 
                                        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 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 38.7% of loans and 39.3% of non-banking deposits as at 30 September 
                          2019, according to data published by the National Bank of Georgia. 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

MSCUWUKRKWAUARA

(END) Dow Jones Newswires

December 18, 2019 04:32 ET (09:32 GMT)

Grafico Azioni Tbc Bank (LSE:TBCG)
Storico

1 Anno : Da Feb 2019 a Feb 2020

Clicca qui per i Grafici di Tbc Bank

Grafico Azioni Tbc Bank (LSE:TBCG)
Intraday

Oggi : Lunedì 24 Febbraio 2020

Clicca qui per i Grafici di Tbc Bank
La tua Cronologia
BIT
BMPS
Monte Pasc..
BITI
FTSEMIB
FTSE Mib
BIT
UCG
Unicredit
NASDAQ
AAPL
Apple
FX
EURUSD
Euro vs Do..
Le azioni che visualizzerai appariranno in questo riquadro, così potrai facilmente tornare alle quotazioni di tuo interesse.

Registrati ora per creare la tua watchlist personalizzata in tempo reale streaming.

Per accedere al tempo reale push di Borsa è necessario registrarsi.

Accedendo ai servizi offerti da ADVFN, ne si accettano le condizioni generali Termini & Condizioni

P: V:it D:20200224 12:33:16