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TBC Bank welcomes statements of support from IFC and EBRD

5d3adf83c03de
BM.GE
26.07.19 15:08
915
TBC Bank Group PLC welcomes yesterday's statements of support by two of its long-standing partners, the European Bank for Reconstruction and Development ("EBRD") and the International Finance Corporation ("IFC") in the context of the appointment of new Chairman, Nikoloz Enukidze. That appointment followed the decisions by the Chairman and Deputy Chairman to step down in order to focus on refuting the claims made against them and to ensure that those claims do not affect the Bank.

Vakhtang Butskhrikidze, Chief Executive, commented: "Our relationship with the EBRD and the IFC goes back almost two decades and their co-operation and support with TBC Bank has been instrumental in the development and success of the Bank over the years. We welcome and appreciate their recent public statements of support for TBC Bank. The current attention on certain historic matters and board changes will not distract the Group from focusing on creating shareholder value and we look forward to continuing our successful long-term relationship with them."

Source - TBC PLC