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TBCG - TBC Bank News Story

891p -11.0  -1.2%

Last Trade - 14/08/20

Sector
Financials
Size
Mid Cap
Market Cap £497.5m
Enterprise Value £303.1m
Revenue £325.8m
Position in Universe 517th / 1816

BRIEF-TBC Bank Sees CET1, Tier 1 And Total CAR As At 31 March At 8.7%, 11.5% And 16.1% Respectively

Fri 3rd April, 2020 12:06pm
April 3 (Reuters) - TBC Bank Group PLC  TBCG.L :
    * FURTHER UPDATE ON COVID-19
    * GEORGIAN ECONOMY EXPECTED TO CONTRACT IN 2020
    * ADDITIONAL LOAN LOSS PROVISIONS OF 3.0-3.3% OF LOAN BOOK
AGREED
WITH NBG AS OF 31 MARCH 2020 (IN ACCORDANCE WITH LOCAL
STANDARDS)
    * OPERATIONS SUCCESSFULLY ADAPTED TO NEW OPERATING
ENVIRONMENT
    * Q1 2020 IFRS CONSOLIDATED FINANCIAL RESULTS DUE IN MID-MAY
2020
    * CET1, TIER 1 AND TOTAL CAR AS AT 31 MARCH 2020 ARE
ESTIMATED AT
8.7%, 11.5% AND 16.1%, RESPECTIVELY
    * POSTPONING PHASING IN OF ADDITIONAL CAPITAL REQUIREMENTS
PLANNED
IN MARCH 2020, WITH AN 0.44 PP EFFECT ON TBC'S CET 1
    * TARGETING TBC BANK'S COST TO INCOME RATIO FOR FULL YEAR
ENDING
31 DECEMBER 2020 TO BE BROADLY THAT ACHIEVED DURING 2019

Source text for Eikon:  ID:nRSC7634Ia 
Further company coverage:  TBCG.L 

 ((Reuters.Briefs@thomsonreuters.com;))
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