Board Changes

RNS Number : 0725T

TBC Bank Group PLC

15 March 2019

 

Board Changes

The Board of TBC Bank Group PLC ("TBC PLC") has today been notified by Eric Rajendra, an independent non-executive director, that due to health reasons he will be resigning as a director of TBC PLC with immediate effect.

Mr Rajendra is also Chairman of the Board’s Corporate Governance and Nomination Committee and a member of the supervisory board of JSC TBC Bank (the "Bank") and Chairman of Corporate Governance and Nomination Committee of the Bank. He will be stepping down from all of these roles with immediate effect.

Commenting on the resignation, Mamuka Khazaradze, Chairman stated, "The Board of TBC Bank Group PLC, is deeply saddened by the news that Eric Rajendra is unable to continue as a director due to health reasons. Eric has had a long association with the Bank, and we wish him a speedy recovery."

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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 38.8% of loans and 41.2% of non-banking deposits as at 31 December 2018, according to data published by the National Bank of Georgia.

 

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