Supervisory Board Changes

Supervisory Board Changes 

TBC Bank Group PLC ("TBC PLC") announces that its principal subsidiary, JSC TBC Bank ("TBC Bank"), has appointed Jyrki Koskelo as a member and Chairman of the TBC Bank Supervisory Board.

Mr Koskelo currently serves as a board member of a number of companies across the globe with an emerging market focus, including: the Africa Agriculture and Trade Investment Fund, EXPO Bank and FIBank, and serves as the chairman of Invest Solar, a Botswanan investment vehicle focused on solar energy.

Prior to accepting his current roles, Mr Koskelo held a number of senior leadership positions during his 24 years at The International Financial Corporation ("IFC"), part of the World Bank Group, including appointments as director of IFC's work out department in 2000, director of global financial markets in 2004, vice president and member of IFC's Top Management Committee in 2007 and special advisor to the CEO in 2011.

Mr Koskelo holds an MBA in International Finance from the Sloan School of Management, MIT and an M.Sc. in Civil Engineering from the Helsinki Technical University. 

For further enquiries, please contact:

Director of International Media and Investor Relations

Zoltan Szalai

 OrHead of Investor RelationsAnna Romelashviliir@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 38.4% of loans and 40.4% of non-banking deposits as at 31 March 2019, according to data published by the National Bank of Georgia.