The European Union Market Abuse Regulation EU 596/2014 requires TBC Bank to disclose that this announcement contains inside information, as defined in that Regulation
JSC TBC Bank ("TBC Bank") confirms that, together with its parent, TBC Bank Group PLC, it is in discussions regarding the potential acquisition of JSC Bank Republic, a member of the international group Société Générale, although the terms of any potential agreement have not yet been agreed.
A further announcement will be made when appropriate.
If you have any questions, please contact:
Head of Investor Relations
About TBC Bank Joint Stock Company ("TBC Bank")
TBC Bank, together with its subsidiaries, is one of the leading universal banking groups in Georgia, with a total market share of 28.2% of loans and 29.3% of non-banking deposits in Georgia as at 30 June 2016, according to data published by the NBG. It holds the number one position in deposits of individuals, the number two position in loans (both to individuals and to legal entities) and in deposits of legal entities, according to NBG data, and has a particular expertise in the fast-growing SME and micro sectors, where TBC Bank considers itself a market leader.
This information is provided by RNS