TBC Bank Group PLC Fitch Revises Outlook on TBC Bank to Positive (1063M)
25 April 2018 - 10:13PM
UK Regulatory
TIDMTBCG
RNS Number : 1063M
TBC Bank Group PLC
25 April 2018
Fitch Revises Outlook on TBC Bank to Positive
Fitch Ratings (Fitch) announced on 23 April 2018 that it has
revised the outlook on the Long-Term Issuer Default Rating (IDR) of
JSC TBC Bank, a subsidiary of TBC Bank Group PLC, to positive from
stable and affirmed the IDR at 'BB-'.
The revision of the outlook on JSC TBC Bank reflects Fitch's
view that the bank's risk profile and financial metrics should
benefit from the improving operating environment in Georgia.
For further enquiries, please contact:
Head of Investor Relations
Anna Romelashvili
ir@tbcbank.com.ge
About Fitch Ratings
Fitch Ratings is a leading provider of credit ratings,
commentary and research. Dedicated to providing value beyond the
rating through independent and prospective credit opinions, Fitch
Ratings offers global perspectives shaped by strong local market
experience and credit market expertise. The additional context,
perspective and insights that Fitch provides have helped investors
fund a century of growth and make important credit judgments with
confidence.
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
38.2% of loans and 39.8% of non-banking deposits as at 31 December
2017, according to data published by the National Bank of
Georgia.
This information is provided by RNS
The company news service from the London Stock Exchange
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April 25, 2018 08:13 ET (12:13 GMT)
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