Home
Category
TV Live Menu

• ახალი ამბები ბიზნესში •

Loading data...

EBRD’s Stake in the TBC

BM.GE
06.12.20 22:55
521
The European Bank for Reconstruction and Development (EBRD) has reduced its equity stake in TBC Bank, Georgia’s largest bank, by selling 1.65 million shares in an accelerated bookbuild placed on the London Stock Exchange. The shares sold by the EBRD on 4 December 2020 represent 3 percent of TBC Bank’s total shares. The EBRD retains a 5 percent stake in Georgia’s largest lender. IFI said it is confident in the bank’s strong performance and bright prospects, remaining fully supportive of its strategic development and its plans for domestic and cross-border expansion, and called the TBC a success story. “We continue to be actively involved in the bank’s future development” - this was a message from Francis Malige, EBRD Managing Director, Financial Institutions.

#TheCheckpoints