(Alliance News) - Stock prices in London were up at midday on Friday, hitting a record high once again as investors reacted positively to a dovish Bank of England interest rates hold. Read More
(Alliance News) - TBC Bank Group PLC on Friday celebrated a strong performance in the first quarter, with increases in both interest and fee income, as the company also unveiled a new share buyback programme set to begin next week. Read More
(Alliance News) - Stock prices in London opened up after a dovish Bank of England interest rates hold on Thursday. Read More
(Alliance News) - Stocks in London are set to open up on Friday after a dovish Bank of England interest rates hold on Thursday. Read More
TBC Bank Group PLC - Tbilisi, Georgia-based lender - Prices new capital notes worth USD300 million with a 10.25% yield. Says the perpetual subordinated callable additional tier one capital notes will further strengthen the bank's capital base and support its growth and sustainable development. The notes are expected to be listed on Euronext Dublin's Global Exchange Market, settled on or around Tuesday next week. Says the bookbuilding follows a series of debt investor calls and enjoyed "strong" investor appetite. This includes institutional investors from the UK Europe and the US representing "at least three quarters" of the final deal size. Read More
TBC Bank Group PLC - Tbilisi, Georgia-based lender - Subsidiary JSC TBC Bank launches tender offer of USD300.0 million 5.75% notes due 2024. Read More
TBC Bank Group PLC - Tbilisi, Georgia-based lender - Deputy chief executive of JSC TBC Bank, George Tkhelidze sells 25,000 shares at GBP32.05 each, worth GBP801,250, in London on Thursday. Read More
TBC Bank Group PLC - Tbilisi, Georgia-based lender - Nino Masurashvili, deputy chief executive officer of JSC TBC Bank, sells 10,149 shares in TBC at average GBP32.37 each from Tuesday to Wednesday in London. The aggregated volume price is GBP328,503.58. Deputy CEO Tornike Gogichaishvili meanwhile sells 10,152 shares at the same average price, for GBP328,600.64 in total. TBC is the parent company of JSC TBC Bank and of other financial companies principally operating in Georgia. Read More
(Alliance News) - TBC Bank Group PLC on Friday reported increased annual profit, despite a drop in the fourth quarter, lifted by higher interest rates. Read More
(Alliance News) - Stocks in London are called to open higher on Friday, after a morale-boosting UK retail sales reading, while NatWest kicked off London's banking earnings season with a profit beat. Read More
TBC Bank Group PLC - Financial services provider in Georgia and Uzbekistan - Subsidiary JSC TBC Bank signs syndicated subordinated loan agreement with FMO, a Dutch entrepreneurial development bank, in the amount of EUR80 million. The company says that the facility, which has a 10-year maturity, will "strengthen TBC's capital position, increase its long-term resilience, and support the bank's sustainable growth". FMO acted as lead arranger within the agreement, and provided funding alongside five other lenders, including the Finnish Fund for Industrial Cooperation Ltd, The Danish Investment Fund for Developing Countries, and a sustainable development goal-focused credit fund, ILX Fund. Read More
(Alliance News) - TBC Bank Group PLC on Monday said it signed a EUR70 million loan agreement with the European Investment Bank, dedicated to financing small and medium-sized enterprises and mid-caps in Georgia. Read More
TBC Bank Group PLC - financial services in Georgia and Uzbekistan - Signs a EUR100 million loan with Proparco. Say the loan facility bears a maturity of seven years and will be primarily used to finance climate related investments and female entrepreneurs in Georgia. Read More
TBC Bank Group PLC - financial services in Georgia and Uzbekistan - Non-Executive Director Thymios Kyriakopoulos buys 3,000 shares at GBP27.29 per share, worth GBP81,856, on Monday. Read More
TBC Bank Group PLC - Tbilisi-based lender - Subsidiary, JSC TBC Bank, signs a subordinated loan agreement for USD30 million with European Bank for Reconstruction & Development. The funding provided by the EBRD will strengthen TBC's capital structure and support the bank's sustainable growth, it says. The loan facility bears maturity of ten years. Read More
(Alliance News) - TBC Bank Group PLC on Thursday reported a slight decrease in third quarter profit, but praised the performances of the economies of Georgia and Uzbekistan. Read More
Bank of Georgia Group PLC and TBC Bank Group PLC - Tbilisi-based lenders - Says regulator the National Bank of Georgia has released unaudited profits of all regulated Georgian commercial banks for the first nine months of 2023. Bank of Georgia says its regulated banking subsidiary JSC Bank of Georgia delivered net profit of GEL981.9 million, or around GBP295.9 million, for the first nine months of 2023. Standalone net profit for the first half was GEL651.1 million, while fully consolidated group profit totalled GEL709.9 million. Net profit for TBC Bank JSC was GEL803.8 million, following standalone net profit of GEL 530.3 million and consolidated group net profit of GEL548.0 million. Read More