TBC Management Share Purchases
As detailed in today's RNS announcement
(https://otp.tools.investis.com/clients/uk/tbc_bank/rns/regulatory-story.aspx?cid=2168&newsid=1822041), on May 17, Oliver Hughes and Nika Kurdiani, both Executive Committee members of TBC Bank Group and senior managers of TBC UZ, bought a combined c$600k of TBC shares to show their confidence in the Company and its growth opportunities.
As detailed in the Group’s recent 1Q 2024 results, the businesses in both Georgia and Uzbekistan continue to show very strong momentum and are well on track to deliver on their committed targets, with the business in Uzbekistan contributing c15% (~$75m) of Group net profit in 2025.
For further enquiries, please contact:
Director of Investor Relations
Andrew Keeley
Or
Head of Investor Relations
Anna Romelashvili
ir@tbcbank.com.ge
About TBC Bank Group PLC ("TBC PLC")
TBC Bank Group PLC ("TBC PLC") is a public limited company registered in England and Wales. TBC PLC is the parent company of JSC TBC Bank ("TBC Bank") and a group of companies that principally operate in Georgia in the financial sector. TBC PLC also offers non-financial services via TNET, the largest digital ecosystem in Georgia. Since 2019, TBC PLC has expanded its operations into Uzbekistan by operating fast growing retail digital financial services in the country. TBC PLC is listed on the London Stock Exchange under the symbol TBCG and is a constituent of the FTSE 250 Index. It is also a member of the FTSE4Good Index Series and the MSCI United Kingdom Small Cap Index.
TBC Bank, together with its subsidiaries, is a leading universal banking group in Georgia, with a total market share of 39.1% of customer loans and 39.5% of customer deposits as of 31 March 2024, according to data published by the National Bank of Georgia on the analytical tool Tableau.