TBC Bank Group PLC Changes to Board (2688X)

TIDMTBCG

RNS Number : 2688X

TBC Bank Group PLC

30 April 2021

 
                                                    Changes to Board 
 
             TBC Bank Group PLC ("TBC PLC") announces the appointment of three new independent Non-Executive 
                Directors: Eran Klein, Per Anders Fasth, and Thymios P. Kiriakopoulos to the TBC PLC Board 
              with effect from 4 May 2021. Subject to the National Bank of Georgia's approval, in line with 
               the mirror boards structure, TBC PLC intends to appoint them to the Supervisory Board of its 
                                    main subsidiary JSC TBC Bank ("the Bank") as well. 
 
           Following collective discussions, TBC PLC Board is pleased to announce that it has voted unanimously 
            for the election of these new independent Non-Executive Directors. Consequently, Nikoloz Enukidze, 
            Nicholas Dominic Haag, and Eric J. Rajendra have conclusively agreed not to stand for re-election 
               at the forthcoming AGM. TBC PLC Board thanks Messrs. Enukidze, Haag, and Rajendra for their 
                extensive contribution to the growth of TBC into the largest bank in Georgia and welcomes 
                                              the new members of the Board. 
 
           TBC PLC Board believes that the appointed new Non-Executive Directors' significant and wide-ranging 
                     experience will bring further valuable skills and balance to the TBC PLC Board. 
 
                Eran Klein is an experienced international senior banker and lawyer who held senior roles 
               over decades in leading financial institutions such as Commerzbank, Citibank, ING Financial 
            Markets and Deutsche Bank across both developed and emerging markets. He has accumulated valuable 
             knowledge in capital markets, SME, retail lending, corporate governance, liquidity, and balance 
              sheet management, as well as risk management and strategy implementation. Currently, he serves 
             as a non-executive director and risk committee chair at Privatbank, the largest bank in Ukraine. 
 
                Per Anders Fasth is an independent non-executive director with a proven track-record as an 
               executive. Mr. Fasth has been senior executive for 20 years - at the leading North-European 
                Bank SEB and as CEO of SBAB Bank - as well as top-tier consultant for 10 years at McKinsey 
              and QVARTZ (now Bain & Company). He is currently the chairman of FundedByMe, a listed Fin-tech 
             equity crowd-funding company. He is also a board member and chairman of risk and audit committee 
               at Skandiabanken AB. From 2017 to 2019 he was a board member and member of the risk, audit, 
             remuneration, strategy, nomination and ethics committees of Piraeus Bank S.A., a listed leading 
                                                       Greek Bank. 
 
                Thymios P. Kyriakopoulos is an internationally experienced banking executive specializing 
           in the areas of risk management and transformation, financial engineering and portfolio management. 
                He serves on the board of the Hellenic Corporation of Assets and Participations, the Greek 
              sovereign wealth fund, and is a chairman of the investment and risk committee. From 2017-2020, 
             he served as executive general manager, chief risk officer of Piraeus Bank S.A, a listed leading 
           Greek Bank. Prior to that he was a managing director in the fixed income currencies and commodities 
                                                division of Goldman Sachs. 
 
               There are no further matters in respect of Messrs. Klein, Fasth, and Kyriakopoulos requiring 
                                              disclosure under LR 9.6.13 R. 
 
                                          For further enquiries, please contact: 
                                  Director of International Media and Investor Relations 
                                                      Zoltan Szalai 
 
                                                            Or 
 
                                                Head of Investor Relations 
                                                    Anna Romelashvili 
                                                    [e-mail] 
 
                                           About TBC Bank Group PLC ("TBC PLC") 
               TBC Bank Group PLC ("TBC PLC") is a public limited company registered in England and Wales. 
           TBC PLC is the parent company of JSC TBC Bank ("TBC Bank") and a group of companies that principally 
                operate in Georgia in the financial sector and other closely related fields. TBC PLC also 
              recently expanded its operations in Uzbekistan. TBC PLC is listed on the London Stock Exchange 
               under the symbol TBCG. It is also a member of the FTSE4Good Index Series and the MSCI United 
                                                 Kingdom Small Cap Index. 
                TBC Bank, together with its subsidiaries, is a leading universal banking group in Georgia, 
             with a total market share of 39.0% of loans and 37.2% of non-banking deposits as of 31 December 
                            2020, according to data published by the National Bank of Georgia. 
 
 

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April 30, 2021 08:08 ET (12:08 GMT)