Sign up Australia
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

Russia picture
June 04 2018
The bulk of overall exposure is in credit and government bonds followed closely by equities
cryptocurrency tokens
October 03 2018
Since launching its advisory service arm last year, the company has already helped raise over US$500mln in token sales
International currencies in bundles
September 04 2018
A number of key acquisitions and new products have attracted a raft of new customers towards the firm's platform as it seeks to challenge established forex providers

© Proactive Investors 2018

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