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Georgia's TBC Bank gets premium listing

The bank accounts for 28% of loans and 27.3% of non-banking deposits in the former Soviet state
picture of LSE
TCB is one of Georgia's leading banks

TBC Bank Group PLC (LON:TBCG), one of the leading banks in Georgia, started trading today on the London Stock Exchange’s premium list.

The bank accounts for 28% of loans and 27.3% of non-banking deposits in the former Soviet state and is the largest deposits taker and second largest lender.

TBC also reckons it is the market leader in lending to the country’s small business and micro sectors.

A recent tender offer saw almost all of its GDRs (global depository receipts) swapped for shares in the company that obtained the listing.

View full TBCG profile View Profile

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