19 February 2021 | 08:30am
StockMarketWire.com - Georgia-based TBC Bank reported a fall in annual profit in the fourth quarter due to lower interest rates and limited lending growth due to the pandemic.
The bank said underlying profit fell to 322.5 million lari ($97.96 million) for the 12 months ending 31 December, down from from 540.3 million lari ($163.23) million the previous year.
TBC’s net interest margin fell to 4.7%, down from 5.6%.
At 8:30am: [LON:TBCG] Tbc Bank Group PLC share price was 0p at 1130p
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15 February 2021 | 13:45pm
StockMarketWire.com - TBC Bank confirmed that Nicholas Haag has stepped down from his role as chair of the audit committee of the board and audit committee of the supervisory board, with immediate effect. He will be replaced by Maria Luisa Cicognani.
Haag has also decided to step down from the role of senior independent director of both the TBC board and the supervisory board of the bank with immediate effect and will be replaced by Arne Berggren.
Haag will continue as a director of both TBC and TBC Bank JSC and as a member of the audit committee of both.
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.