News Results for Tbc Bank Group (TBCG)

  • 02 Jul
    09:37
    TBC Bank announces inclusion in FTSE4Good index

    Georgian lender TBC Bank has become a member of the FTSE4Good Index Series following its semi-annual review in June. Chief executive Vakhtang Butskhrikidze said its inclusion in the FTSE4Good...

  • 29 Jun
    07:18
    TBC Bank launched operations in Uzbekistan

    Georgina lender TBC Bank said it had launched banking operations in Uzbekistan. The launch was initially in a pilot mode, with plans to extend services to the broader population in August....

  • 29 May
    08:40
    Broker Forecast - Peel Hunt issues a broker note on TBC Bank Group Plc

    Peel Hunt today downgrades its investment rating on TBC Bank Group Plc (LON:TBCG) to add (from buy) and cut its price target to 1031p (from 2015p). Story provided by StockMarketWire.com Broker...

  • 20 May
    10:07
    TBC Bank swings to quarterly loss on Covid-19 charges

    Georgian lender TBC Bank swung to a first-quarter loss owing to loan impairment charged taken as a result of the Covid-19 crisis. Net losses for the three months three months through March...

  • 21 Apr
    09:32
    TBC Bank obtains Uzbekistan banking licence

    Georgian lender TBC Bank said it had obtained a banking licence in Uzbekistan. The company said it was planning to launch banking operations there in June 2020. 'TBC's strategy is to establish a...

  • 07 Apr
    13:04
    TBC Bank sources $67m trade finance facility from Citi

    Georgian lender TBC Bank said it had sourced a $67m trade finance facility from US counterpart Citi. Proceeds of the facility would support import and export transactions for customers of TBC...

  • 03 Apr
    13:14
    TBC Bank sets aside extra loan loss provisions to prepare for Covid-19 hit

    Georgian lender TBC Bank said it had put aside additional loan loss provisions to cover potential defaults triggered by the spreading coronavirus. The company said it had agreed with the country's...

  • 24 Mar
    17:50
    Director Deals - TBC Bank Group Plc (TBCG)

    Vakhtang Butskhrikidze, Chief Executive Officer, has transferred in 66,642 shares in the company on the 24th March 2020 at a price of 0.00p. The Director now holds 785,671 shares. NOTE: Deferred...

  • 24 Mar
    17:50
    Director Deals - TBC Bank Group Plc (TBCG)

    Giorgi Shagidze, Financial Director, bought 32,490 shares in the company on the 24th March 2020 at a price of 0.00p. The Director now holds 12,588 shares. NOTE: Deferred share plan Story provided...

  • 28 Feb
    15:55
    Director Deals - TBC Bank Group Plc (TBCG)

    Giorgi Shagidze, Financial Director, sold 23,000 shares in the company on the 28th February 2020 at a price of 1285.00p. The Director now holds 93,396 shares. NOTE: Average price Story provided...

  • 25 Feb
    14:10
    Director Deals - TBC Bank Group Plc (TBCG)

    Vakhtang Butskhrikidze, Chief Executive Officer, sold 85,000 shares in the company on the 24th February 2020 at a price of 1333.50p. The Director now holds 719,029 shares. NOTE: Average price...

  • 20 Feb
    08:45
    Investors brush off coronavirus concerns but FTSE 100 struggles

    The FTSE 100 struggled in early morning trading, dropping more than 4 points to 7,454 as coronavirus continues to dominate the headlines. Minutes published yesterday (Wednesday, February 20) by...

  • 20 Feb
    07:52
    TBC Bank reports robust annual growth

    TBC Bank, the largest retail lender in Georgia, has reported a 19.8% boost in its underlying consolidated net profit for 2019, supported by a strong Georgian economy. The underlying return on...

  • 24 Jan
    13:09
    TBC Bank executive's departure triggers management reshuffle

    Georgian lender TBC Bank said chief risk officer David Chkonia had left at the end of his contract to pursue other career opportunities, triggering a management reshuffle. Deputy chief executive...

  • 21 Jan
    13:12
    TBC Bank obtains preliminary banking licence in Uzbekistan

    Georgian lender TBC Bank said it had obtained a preliminary banking licence in Uzbekistan. The company said the development was an essential step in the process of launching its banking operations...

  • 24 Dec
    08:26
    TBC Bank signs EIB loan agreement

    TBC Bank has signed a loan agreement worth 90m Georgian Lari (£24.4m) with the European Investment Bank (EIB). The funds are available to draw either in euros, US dollars or Georgian Lari, with...

  • 18 Dec
    13:20
    TBC Bank launches consumer financing trial in Uzbekistan

    Georgian lender TBC Bank said it had launched a point-of-sale consumer financing trial in Uzbekistan. The lender said it would offer customers financing for the purchase of consumer products,...

  • 27 Aug
    16:15
    Director Deals - TBC Bank Group Plc (TBCG)

    Giorgi Shagidze, Financial Director, sold 15,000 shares in the company on the 27th August 2019 at a price of 1251.00p. The Director now holds 116,396 shares. Story provided by...

  • 19 Aug
    07:26
    TBC Bank acquires 65% stake in Georgian e-commerce site My Group

    TBC Bank said it had agreed to acquire a 65% stake in Georgian classified e-commerce group LLC My.ge, which trades under the name My Group, for GEL 19.45m. The stake acquired by TBC Group was...

  • 15 Aug
    08:12
    TBC Bank profits up 18.8% in H1 as loan book grows

    London-listed Georgian lender TBC Bank Group posted an 18.8% rise in profit in the first half of the year thanks to an increase in the size of its loan book. Net profit for the six months through...

  • 29 Jul
    08:01
    Georgia-based TBC Bank reports 18.8% half year net profit jump

    TBC Bank, Georgia's largest banking group, has reported an 18.8% increase in net profit for the half year to 30 June. The FTSE 250 listed bank posted 258.3m Georgian Lari, which works out at...

  • 05 Jun
    11:00
    Broker Forecast - Berenberg issues a broker note on TBC Bank Group Plc

    Berenberg today reaffirms its buy investment rating on TBC Bank Group Plc (LON:TBCG) and cut its price target to 1915p (from 2025p). Story provided by StockMarketWire.com Broker Forecasts data...

  • 13 May
    09:28
    TBC Bank profit rises 37% in first quarter amid customer wins

    London-listed Georgian lender TBC Bank Group posted a 37% rise in first-quarter profit, as it grew the size of its loan book by increasing market share. Net profit for the three months through...

  • 10 Apr
    13:24
    TBC Bank acquires controlling stake in Uzbekistan's Payme

    TBC Bank Group said it had agreed to acquire a 51% stake in LLC Inspired, a payment platform in Uzbekistan trading under the Payme brand, for $5.5m. Payme currently supplied payment solutions to...

  • 21 Mar
    10:00
    Director Deals - TBC Bank Group Plc (TBCG)

    Vakhtang Butskhrikidze, Chief Executive Officer, has transferred in 107,043 shares in the company on the 21st March 2019 at a price of 0.00p. The Director now holds 804,029 shares. NOTE: Pursuant...

  • 21 Mar
    10:00
    Director Deals - TBC Bank Group Plc (TBCG)

    Giorgi Shagidze, Financial Director, has transferred in 55,485 shares in the company on the 21st March 2019 at a price of 0.00p. The Director now holds 131,396 shares. NOTE: Pursuant to LTIP...

  • 21 Feb
    08:50
    Broker Forecast - Peel Hunt issues a broker note on TBC Bank Group Plc

    Peel Hunt today reaffirms its buy investment rating on TBC Bank Group Plc (LON:TBCG) and cut its price target to 2015p (from 2285p). Story provided by StockMarketWire.com Broker Forecasts data...

  • 09 Jan
    13:01
    TBC Bank issued fine over alleged historic rule breaches

    TBC Bank Group said it was been fined by Georgian regulators with regards to transactions that took place in 2007 and 2008. The National Bank of Georgia alleged that the transactions between the...

  • 23 Oct
    15:01
    TBC Bank inks loan agreement with Dutch development finance group

    Georgian lender TBC Bank Group said subsidiary JSC TBC Bank had signed a loan agreement worth GEL 103m with FMO, the Netherlands development finance company. The five-year loan facility would be...

  • 03 Sep
    16:55
    Director Deals - TBC Bank Group Plc (TBCG)

    Giorgi Shagidze, Financial Director, sold 5,000 shares in the company on the 3rd September 2018 at a price of 1602.00p. The Director now holds 75,911 shares. NOTE: Average price Story provided by...

  • 21 Aug
    08:10
    Broker Forecast - Peel Hunt issues a broker note on TBC Bank Group Plc

    Peel Hunt today reaffirms its buy investment rating on TBC Bank Group Plc (LON:TBCG) and raised its price target to 2285p (from 2150p). Story provided by StockMarketWire.com Broker Forecasts data...

  • 13 Aug
    13:36
    TBC Bank gets $50m loan from China Development Bank

    Georgian lender TBC Bank Group said it had been provided with a $50m loan by China Development Bank. It was the largest facility the Chines group had ever provided to any Georgian entity, the...

  • 20 Jun
    13:07
    TBC Bank inks £37m loan agreement in Georgia

    Georgia-focused TBC Bank Group said it had signed a loan agreement with Black Sea Trade and Development Bank for GEL 120m (£37m). The three-year local currency loan facility would enable TBC Bank...

  • 01 Jun
    13:57
    TBC Bank deputy CEO Vano Baliashvili stands down

    Georgian lender TBC Bank Group said its deputy chief executive Vano Baliashvili would stand down to pursue other career opportunities. Baliashvili, who was also chief operating officer, had been...

  • 25 May
    12:50
    Broker Forecast - Peel Hunt issues a broker note on TBC Bank Group Plc

    Peel Hunt today reaffirms its buy investment rating on TBC Bank Group Plc (LON:TBCG) and set its price target at 2150p. Story provided by StockMarketWire.com Broker Forecasts data provided by...

  • 17 May
    10:04
    TBC Bank reaffirms targets as net profit rises in the Q1

    TBC Bank reported net profit for the first quarter of 2018 rose to GEL 97.5m from GEL 96.6m, the same period a year ago as net interest margin rose to 6.9% from 6.6%. The firm reported total...

  • 03 Apr
    08:30
    Broker Forecast - Berenberg issues a broker note on TBC Bank Group Plc

    Berenberg today initiates coverage of TBC Bank Group Plc (LON:TBCG) with a buy investment rating and price target of 2025p. Story provided by StockMarketWire.com Broker Forecasts data provided by...

  • 09 Mar
    17:10
    Director Deals - TBC Bank Group Plc (TBCG)

    Vakhtang Butskhrikidze, Chief Executive Officer, bought 110,970 shares in the company on the 9th March 2018 at a price of 0.00p. The Director now holds 696,986 shares. NOTE: Issued pursuant to...

  • 09 Mar
    17:10
    Director Deals - TBC Bank Group Plc (TBCG)

    Vakhtang Butskhrikidze, Chief Executive Officer, bought 110,970 shares in the company on the 9th March 2018 at a price of 0.00p. The Director now holds 696,986 shares. NOTE: Issued pursuant to...

  • 09 Mar
    12:30
    Broker Forecast - Peel Hunt issues a broker note on TBC Bank Group Plc

    Peel Hunt today reaffirms its buy investment rating on TBC Bank Group Plc (LON:TBCG) and raised its price target to 2150p (from 2000p). Story provided by StockMarketWire.com Broker Forecasts data...

  • 09 Mar
    08:30
    Broker Forecast - Peel Hunt issues a broker note on TBC Bank Group Plc

    Peel Hunt today reaffirms its buy investment rating on TBC Bank Group Plc (LON:TBCG) and raised its price target to 2150p (from 2000p). Story provided by StockMarketWire.com Broker Forecasts data...

  • 22 Feb
    07:56
    TBC Bank net profit surges by 35%

    TBC Bank, the largest banking group in Georgia, grew its underlying net profit by 35.1% to GEL369.2 million in 2017, delivering an underlying return on equity of 21.4%. Profits were supported by...

  • 24 Jan
    08:20
    Broker Forecast - Berenberg issues a broker note on TBC Bank Group Plc

    Berenberg today initiates coverage of TBC Bank Group Plc (LON:TBCG) with a buy investment rating and price target of 1950p. Story provided by StockMarketWire.com

  • 13 Dec
    09:00
    Director Deals - TBC Bank Group Plc (TBCG)

    Giorgi Shagidze, Financial Director, sold 4,500 shares in the company on the 12th December 2017 at a price of 1625.40p. The Director now holds 27,541 shares. Story provided by...

  • 29 Nov
    15:55
    Director Deals - TBC Bank Group Plc (TBCG)

    Stephan Wilcke, Non Executive Director, sold 10,000 shares in the company on the 27th November 2017 at a price of 1593.75p. The Director now holds 51,075 shares. Story provided by...

  • 29 Nov
    14:10
    TBC Bank signs €94m in loan guarantee agreements

    TBC Bank has confirmed that its subsidiary, JSC TBC Bank, has signed two guarantee agreements totalling €94m with the European Investment Bank Group. These include: - an InnovFin agreement in the...

  • 28 Nov
    17:15
    Director Deals - TBC Bank Group Plc (TBCG)

    Giorgi Shagidze, Financial Director, sold 1,925 shares in the company on the 27th November 2017 at a price of 1614.00p. The Director now holds 32,041 shares. Story provided by...

  • 24 Nov
    14:30
    Director Deals - TBC Bank Group Plc (TBCG)

    Giorgi Shagidze, Financial Director, sold 29,282 shares in the company on the 23rd November 2017 at a price of 1650.09p. The Director now holds 33,966 shares. NOTE: Average price Story provided...

  • 21 Nov
    11:35
    Director Deals - TBC Bank Group Plc (TBCG)

    Giorgi Shagidze, Financial Director, sold 26,625 shares in the company on the 20th November 2017 at a price of 1667.88p. The Director now holds 63,248 shares. NOTE: Average price over 2...

  • 13 Sep
    13:43
    Moody's upgrades TBC Bank credit rating

    Moody's Investors Service has announced that it has upgraded the credit rating of JSC TBC Bank in respect of its local-currency deposit rating to Ba2 from Ba3 and its foreign-currency deposit...

  • 21 Aug
    07:43
    TBC Bank underlying net profit rises to GEL86.3m

    TBC Bank said underlying net profit was GEL 86.3m (2Q 2016: GEL 62.9m; 1Q 2017: GEL 98.1m) FINANCIAL HIGHLIGHTS - Reported net profit amounted to GEL 79.9m (2Q 2016: GEL 80.5m; 1Q 2017: GEL...

  • 05 Jun
    13:02
    All resolutions passed at AGM of TBC Bank

    TBC Bank Group has confirmed that all resolutions were passed by shareholders at the Annual General Meeting of the Company held earlier today. At 1:02pm: (LON:TBCG) TBC Bank Group Plc share...

  • 22 May
    10:30
    Broker Forecast - Peel Hunt issues a broker note on TBC Bank Group Plc

    Peel Hunt today reaffirms its buy investment rating on TBC Bank Group Plc (LON:TBCG) and raised its price target to 2000p (from 1900p). Story provided by StockMarketWire.com

  • 17 May
    14:16
    TBC Bank confirms Q1 results date

    TBC Bank has confirmed that it will release its first quarter 2017 unaudited financial results on Monday, 22 May. At 2:16pm: (LON:TBCG) TBC Bank Group Plc share price was +17.5p at 1643.5p...

  • 22 Mar
    13:35
    FMO sells stake in TBC Bank

    TBC Bank Group was confirmed that, on 22 March 2017, the Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (FMO) sold its remaining holding of shares in TBC. The shares sold by FMO...

  • 16 Jan
    14:18
    TBC Bank appoints chief risk officer

    TBC Bank Group, together with its subsidiary JSC TBC Bank, has appointed David Chkonia to the management board of TBC Bank as chief risk officer and deputy CEO with immediate effect. Chkonia...

  • 14 Dec
    17:20
    Director Deals - TBC Bank Group Plc (TBCG)

    Giorgi Shagidze, Financial Director, sold 17,877 shares in the company on the 13th December 2016 at a price of 1494.31p. The Director now holds 89,873 shares. NOTE: Average price Story provided...

  • 14 Dec
    17:15
    Director Deals - TBC Bank Group Plc (TBCG)

    Vakhtang Butskhrikidze, Chief Executive Officer, sold 56,185 shares in the company on the 13th December 2016 at a price of 1494.31p. The Director now holds 586,016 shares. NOTE: Average price...

  • 14 Dec
    08:10
    Broker Forecast - Peel Hunt issues a broker note on TBC Bank Group Plc

    Peel Hunt today initiates coverage of TBC Bank Group Plc (LON:TBCG) with a buy investment rating and price target of 1900p. Story provided by StockMarketWire.com

  • 04 Nov
    14:03
    TBC Bank schedules Q3 results

    TBC Bank Group will release its third quarter financial results on 11 November. At 2:03pm: (LON:TBCG) TBC Bank Group Plc share price was -12p at 1279p Story provided by StockMarketWire.com

  • 12 Sep
    08:12
    TBC Bank acquires 93.64% stake in Bank Republic

    TBC Bank Group, together with its subsidiary, JSC TBC Bank, has entered into a definitive agreement with Societe Generale to acquire its 93.64% stake in its Georgian subsidiary, JSC Bank Republic,...

  • 12 Sep
    07:11
    FLASH: TBC Bank acquires 93.64% stake in Bank Republic

    Story provided by StockMarketWire.com

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