Press Releases

TBC Bank (“TBC” or the “Bank”), a leading bank in the Republic of Georgia, confirms its intention to seek a Premium Listing on the London Stock Exchange in 2016.

TBC Bank's GDRs have been listed on the London Stock Exchange since June 2014. The Bank expects that a Premium Listing would help to expand its investor base, enhance its public profile and potentially allow for future FTSE index inclusion.

Highlights

• TBC Bank listed on the London Stock Exchange in Q2 2014
• TBC Bank is a leader in the fast growing Georgian banking market: the #1 bank by retail deposits and top 2 bank across other key segments commanding a 25-34% market share across key product segments
• Strong revenue and asset base growth, with H1 2011 – H1 2015 years CAGR of  22% and 23%, respectively, coupled with robust profitability of ROAE 21% in Q2 2015 and resilient balance sheet
• The Bank has a strong track record of corporate governance and transparency and has been majority owned by international investors since 2009

Vakhtang Butskhrikidze, Chief Executive Officer of TBC Bank, commented, “Today we confirm our plans to take another important step in our development. TBC has built a strong and resilient business over more than 20 years and this is the next logical step in our evolution as a public company."