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TBC Bank Group PLC announced changes to the executive management team of its subsidiary, JSC TBC Bank, effective from 1 May 2023. Nika Kurdiani will step down from his position as deputy CEO of TBC Bank and assume a new leading role with TBC Group focused on international expansion. He will remain a member of the Executive Committee of TBC PLC, while TBC Bank's CEO, Vakhtang Butskhrikidze, will assume responsibility for Brand Experience and Marketing functions.
| Date | 17 Apr 2023 |
| Time | 09:02:12 |
| Category | Miscellaneous |
| ID | 4168W |
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Changes within the Executive Management Team TBC Bank Group PLC ("TBC PLC") announces changes to the executive management team of its main subsidiary JSC TBC Bank ("TBC Bank"), effective from 1 May 2023.
Nika Kurdiani will step down from his position as the deputy CEO of TBC Bank in charge of Brand Experience, Marketing and International Business, and assume a new leading role with TBC Group with main focus on international expansion. He will remain as a member of the Executive Committee of TBC PLC.
TBC Bank's CEO, Vakhtang Butskhrikidze, will assume responsibility for overseeing the Brand Experience and Marketing functions.
For further enquiries, please contact: Director of Investor Relations and International Media Andrew Keeley
Or
Head of Investor Relations Anna Romelashvili
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 39.5% of customer loans and 40.3% of customer deposits as of 31 December 2022, according to data published by the National Bank of Georgia.
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