Moody’s Ratings Assigns Ba3 Long-term Issuer Ratings to TBC Bank Group PLC
TBC Bank Group PLC (“TBC PLC”) is pleased to announce that Moody’s Investors Service (“Moody’s”) has today assigned first-time issuer ratings of Ba3 for the long term and NP (Not Prime) for the short term to TBC PLC. Given that TBC Bank Georgia, the main subsidiary of TBC PLC, accounts for the majority of TBC PLC’s assets and revenues, and that their financial metrics are broadly aligned, TBC PLC’s Ba3 long-term issuer rating reflects the standalone creditworthiness of TBC Bank Georgia. The rating is positioned one notch below TBC Bank’s ba2 Baseline Credit Assessment (BCA) and Adjusted BCA.
The one-notch difference between the holding company and its principal operating subsidiary is primarily driven by the structural subordination of TBC PLC’s senior unsecured creditors to those of TBC Bank Georgia. This rating distinction is consistent with Moody’s credit rating methodology and is a common practice for bank holding company structures.
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’s mission is to make people’s lives easier by providing digitally-led financial services to retail and corporate customers. TBC Bank Group PLC ("TBC PLC") is a public limited company registered in England and Wales and is the parent company of TBC Bank Georgia and TBC Uzbekistan.
TBC Bank Georgia, together with its subsidiaries, is the leading financial services group in Georgia, with a total market share of 38.0% of customer loans and 36.9% of customer deposits as of 31 March 2025, according to data published by the National Bank of Georgia.
TBC Uzbekistan is the leading digital banking ecosystem in Central Asia with 20 mln unique registered users that includes TBC Bank Uzbekistan, the country’s largest mobile-only bank, Payme, a leading digital payments app for individuals and small businesses, and Payme Nasiya, an instalment credit business.
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.