TBC Bank Group PLC TBC Bank's MSCI ESG rating increased to "AA" (4848V)
14 April 2021 - 11:05PM
UK Regulatory
TIDMTBCG
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
ir@tbcbank.com.ge
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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