TBC Bank Group PLC TBC Bank's MSCI ESG rating increased to "AA" (4848V)

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RNS Number : 4848V

TBC Bank Group PLC

14 April 2021

 
                                      TBC Bank's MSCI ESG rating increased to "AA" 
              TBC Bank Group PLC ("TBC PLC") is pleased to announce that in April 2021 it received a rating 
             of "AA" (on a scale of AAA-CCC) in the MSCI ESG Ratings assessment, which represents an upgrade 
                from the previous rating of "A" assigned in October 2019. MSCI ESG Research provides MSCI 
                ESG Ratings on global public and a few private companies on a scale of AAA (leader) to CCC 
                (laggard), according to exposure to industry-specific ESG risks and the ability to manage 
                          those risks relative to peers. Learn more about MSCI ESG ratings here. 
 
               Vakhtang Butskhrikidze, Chief Executive Officer of TBC PLC, commented : "I am very delighted 
               that our ESG efforts have been recognized and reflected in the upgraded ESG rating and that 
             MSCI have placed us in the 'industry leaders' category in terms of managing the most significant 
                                              ESG risks and opportunities." 
                                          For further enquiries, please contact: 
                                  Director of International Media and Investor Relations 
                                                      Zoltan Szalai 
                                                            Or 
 
                                                Head of Investor Relations 
                                                    Anna Romelashvili 
                                                    [e-mail] 
 
                                                MSCI Disclaimer Statement 
               The use by TBC Bank Group PLC of any MSCI ESG research LLC or its affiliates ("MSCI") data, 
              and the use of MSCI logos, trademarks, service marks or index names herein, do not constitute 
               a sponsorship, endorsement, recommendation, or promotion of TBC Bank Group PLC by MSCI. MSCI 
                services and data are the property of MSCI or its information providers, and are provided 
               'as-is' and without warranty. MSCI names and logos are trademarks or service marks of MSCI. 
 
                                           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. 
 
 

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April 14, 2021 09:05 ET (13:05 GMT)