TBC Bank Group PLC

Board/Management Information • Jun 1, 2018

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RNS Number : 0628Q

TBC Bank Group PLC

01 June 2018

Appointment of New Chief Operating Officer

TBC Bank Group PLC ("TBC PLC") together with its subsidiary JSC TBC Bank ("TBC Bank") announces that Vano Baliashvili, Deputy CEO, Chief Operating Officer is stepping down from the management board of TBC Bank to pursue his career in other sectors.  Mr. Baliashvili joined TBC Bank in 1999 serving various positions and was appointed as Chief Operating Officer in 2010.

TBC Bank also announces the appointment of Tornike Gogichaishvili as Deputy CEO, Chief Operating Officer. Tornike brings 20 years of financial services and operations management experience. Prior to joining TBC Bank, he served as Deputy CEO, Chief Operating Officer at Bank of Georgia since 2010 and also held various managerial positions at Bank of Georgia Group in 2008 and 2009. A graduate of the Faculty of Law at Tbilisi State University, Tornike also holds an MBA from Caucasus School of Business and an executive diploma from Said Business School, Oxford.

"I would like to thank Vano for his outstanding performance and dedication during these years. I wish him every success in the future.

At the same time, I am delighted to welcome Tornike to TBC Bank's Management Board as Deputy CEO, Chief Operating Officer. I am confident that Tornike will be a very important addition to our management team and will contribute a great deal to the Bank's further growth and development," commented Vakhtang Butskhrikidze, Chief Executive Officer.

For further enquiries, please contact:

Head of Investor Relations

Anna Romelashvili 

ir@tbcbank.com.ge

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 37.8% of loans and 38.9% of non-banking deposits as at 31 March 2018, according to data published by the National Bank of Georgia.

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