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Share Name Share Symbol Market Type Share ISIN Share Description
Tbc Bank Group Plc LSE:TBCG London Ordinary Share GB00BYT18307 ORD GBP0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  25.00 2.54% 1,010.00 1,006.00 1,012.00 1,018.00 989.00 999.00 28,165 16:35:12
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Banks 371.6 71.1 0.0 - 554

TBC Bank Group PLC JSC TBC Bank's revised outlook by Fitch

31/03/2021 10:50am

UK Regulatory (RNS & others)


Tbc Bank (LSE:TBCG)
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From Mar 2021 to May 2021

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RNS Number : 1239U

TBC Bank Group PLC

31 March 2021

TBC Bank Group PLC announces the Bank's revised outlook by Fitch

TBC Bank Group PLC announces that on 31 March 2021, the international rating agency Fitch Ratings has revised the outlook of its major subsidiary, the Bank to "Stable" from "Negative", while affirming its Long-Term Issuer

Default Rating (IDR) at   'BB-'. 

The revision of the Outlook to Stable reflects reduced pressure on the Bank's credit profile from the health crisis and contraction of the Georgian economy. Fitch Ratings expects that the Bank's pre-impairment profit will be sufficient to absorb any additional credit losses from the pandemic without jeopardizing its financial profile. The Bank has entered the crisis with healthy capital cushion and good performance metrics and Fitch believes the rating can tolerate further moderate deterioration of asset quality.

For further enquiries, please contact:

Director of International Media and Investor Relations

Zoltan Szalai

Or

Head of Investor Relations

Anna Romelashvili

ir@tbcbank.com.ge

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 and is a constituent of the FTSE 250 Index. 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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

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March 31, 2021 05:50 ET (09:50 GMT)

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