Source - LSE Regulatory
RNS Number : 7757L
TBC Bank Group PLC
15 September 2021

Changes to Board and Board Roles


The Board of Directors of TBC Bank Group PLC ("TBC PLC") announces that Abhijit Akerkar has accepted a new executive leadership role with a global financial institution and has therefore stepped down as a director of TBC PLC and as a member of the Supervisory Board of JSC TBC Bank ("TBC Bank") with immediate effect. In line with TBC PLC's succession plans, Eran Klein has been appointed as Chairman of TBC PLC's Technology & Data Committee and has stepped down from his current role as Senior Independent Non-Executive Director.

Tsira Kemularia has been appointed as Senior Independent Non-Executive Director and steps down as Chair of the Corporate Governance and Nomination Committee, but remains a member of that committee. Arne Berggren, Chairman of the Board, has been appointed as Chairman of the Corporate Governance and Nomination Committee.

In line with TBC's "Mirror Boards" policy, Eran Klein and Arne Berggren have been appointed to equivalent positions on the relevant Supervisory Board Committees of TBC Bank and Tsira Kemularia has also been appointed as the Senior Independent Non-Executive Member of the Supervisory Board of TBC Bank.

Arne Berggren, Chairman of the Board, said: "On behalf of the Board, I would like to take this opportunity to again thank Abhijit for his contribution to TBC Bank. We wish him every success in the future."


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Director of International Media and Investor Relations

Zoltan Szalai




Head of Investor Relations

Anna Romelashvili



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 Small Cap 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 38.1% of customer loans and 37.8% of customer deposits as of 30 June 2021, according to data published by the National Bank of Georgia.

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