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TBC Bank Group PLC announced its intention to appoint Ernst & Young LLP as its auditor for the financial year starting 1 January 2026, subject to shareholder approval at the 2025 Annual General Meeting. This decision followed a competitive tender process overseen by the Audit Committee, with the TBC PLC Board approving EY's selection. PricewaterhouseCoopers LLP will continue as the current external auditor for the financial years ending 31 December 2024 and 2025.
| Date | 12 Feb 2025 |
| Time | 08:00:00 |
| Category | Miscellaneous |
| ID | 7383W |
TBC Bank to Propose the Appointment of Ernst & Young LLP as the New Auditor
TBC Bank Group PLC ("TBC PLC") announces its intention to appoint Ernst & Young LLP ("EY") as its auditor for the financial year starting 1 January 2026, subject to shareholder approval at the 2025 Annual General Meeting.
This follows an extensive competitive tender process, which was overseen by TBC PLC's Audit Committee. As a result of this process, the selection of EY was recommended, which has been approved by the TBC PLC Board. PricewaterhouseCoopers LLP ("PwC"), TBC PLC's current external auditor, will continue in its role and will undertake the audit of the TBC Group and TBC PLC for the financial years ending 31 December 2024 and 2025. The appointment of EY for the financial year starting from 1 January 2026 will be recommended to TBC PLC's shareholders for approval at the 2025 Annual General Meeting.
For further enquiries, please contact:
Director of Investor Relations
Andrew Keeley
Or
Head of Investor Relations
Anna Romelashvili
[email protected]
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 38.5% of customer loans and 38.1% of customer deposits as of 31 December 2024, according to data published by the National Bank of Georgia.
TBC Uzbekistan is the leading digital banking ecosystem in Central Asia with 18 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.