TBC Bank Group
Holding Company of JSC TBC Bank

Dividend Policy

The TBC PLC Board’s intention is to retain the existing dividend policy of the Bank, subject to the requirements of the Companies Act. Following Admission, TBC PLC (as a holding company whose principal assets are the shares of its subsidiaries) will rely primarily on dividends and other statutorily and contractually permissible payments from its subsidiaries to generate reserves necessary to meet its obligations and to pay dividends to its shareholders. The regulatory systems under which the Group operates and certain contractual arrangements to which the Bank and/or its subsidiaries are party restrict, to a certain extent, their ability to pay dividends and/or to otherwise provide cash to TBC PLC, which may, in turn, restrict TBC PLC’s ability to pay dividends.
 

Last Updated on 10 August 2016.