TBC Bank Group PLC Changes in TBC Bank's Management Board (7066J)
December 06 2018 - 7:17AM
UK Regulatory
TIDMTBCG
RNS Number : 7066J
TBC Bank Group PLC
06 December 2018
Changes in TBC Bank's Management Board
TBC Bank Group PLC ("TBC PLC") together with its subsidiary JSC
TBC Bank ("TBC Bank") announces that Paata Gadzadze, First Deputy
CEO of TBC Bank, is stepping down from the management board of TBC
Bank as of 1 January 2019. He will continue to serve as Chief
Executive Officer of TBC Insurance, a fully-owned subsidiary of TBC
PLC and the second largest player in Georgia's property and
casualty insurance market. Given the fast growth and ambitious
plans of TBC Insurance, Mr. Gadzadze's full-time engagement in the
business has become essential.
Mr. Gadzadze joined TBC Bank in 1994, has served in various
positions, and was appointed as First Deputy CEO in 1998.
"For more than 25 years, Paata, as a key member of the
management team, has been working side by side with me to bring the
Bank to this level. I would like to thank him very much for his
invaluable contribution to the Bank. I am confident that he will
help bring TBC Insurance to the next level", commented Vakhtang
Butskhrikidze, Chief Executive Officer.
For further enquiries, please contact:
Director of International Media and Investor Relations Head of
Investor Relations
Zoltan Szalai Anna Romelashvili
ir@tbcbank.com.ge ir@tbcbank.com.ge
About TBC Bank Group PLC ("TBC PLC")
TBC PLC is a public limited company registered in England and
Wales that was incorporated in February 2016. TBC PLC became the
parent company of JSC TBC Bank ("TBC Bank") on 10 August 2016. TBC
PLC is listed on the London Stock Exchange under the symbol
TBCG.
TBC Bank, together with its subsidiaries, is the leading
universal banking group in Georgia, with a total market share of
38.4% of loans and 40.3% of non-banking deposits as at 30 September
2018, according to data published by the National Bank of
Georgia.
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END
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