TBC Bank's MSCI ESG rating increased to "AA"

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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