Proactive Investors - Run By Investors For Investors

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

TBC Bank Timeline

Newswire
August 10 2016

Related Articles

APQ
November 20 2018
The dividend remains well covered by economic income in the portfolio.
Ethereum
June 19 2018
If ICOs provide an investment product that pensions funds, investment banks and others understand, that is when huge sums of money will enter this space
Multiple currency banknotes
December 20 2018
In December the firm signed an agreement with New York-based Metropolitan Commercial Bank to enter into a 5-year contract to provide payments services to its customers

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use