Changes to TBC Bank's Supervisory Board
Further to its announcement of 21 February 2019, TBC Bank Group PLC ("TBC PLC") announces that Mamuka Khazaradze and Badri Japaridze have today officially submitted resignation letters and stepped down from the Supervisory Board of the JSC TBC Bank ("TBC Bank") with immediate effect. Mr. Khazaradze and Mr. Japaridze will continue to serve as Chairman and Deputy-Chairman of the Board of TBC PLC respectively. The process of recruiting and selecting two new members of the Supervisory Board of TBC Bank is underway and appointments will be made in due course.
For further enquiries, please contact:
Director of International Media and Investor Relations
Zoltan Szalai
Or
Head of Investor Relations
Anna Romelashvili
[email protected]
About TBC Bank Group PLC ("TBC PLC")
TBC PLC is a public limited company registered in England and Wales that was incorporated in February 2016. TBC PLC became the parent company of JSC TBC Bank ("TBC Bank") on 10 August 2016. TBC PLC is listed on the London Stock Exchange under the symbol TBCG.
TBC Bank, together with its subsidiaries, is the leading universal banking group in Georgia, with a total market share of 38.8% of loans and 41.2% of non-banking deposits as at 31 December 2018, according to data published by the National Bank of Georgia.
