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TBCG - TBC Bank News Story

798p -21.0  -2.6%

Last Trade - 07/08/20

Sector
Financials
Size
Mid Cap
Market Cap £440.1m
Enterprise Value £245.3m
Revenue £326.6m
Position in Universe 538th / 1819

BRIEF-TBC Obtains Banking Pre-Licence In Uzbekistan

Tue 21st January, 2020 1:02pm
Jan 21 (Reuters) - TBC Bank Group PLC  TBCG.L :
    * TBC BANK GROUP PLC  - TBC OBTAINS BANKING PRE-LICENCE IN
UZBEKISTAN
    * TBC BANK GROUP - FOR UZBEK VENTURE, CO IS PLANNING TO JOIN
FORCES WITH INTERNATIONAL FINANCIAL INSTITUTIONS AND A LOCAL
PARTNER
    * TBC BANK GROUP - SECURED INTEREST FROM EBRD AND IFC AND
HAVE
REACHED A DEAL ON MAIN TERMS WITH UZBEK-OMAN INVESTMENT COMPANY
TO ACT AS LOCAL PARTNER
    * TBC BANK GROUP PLC - ARE ACTIVELY DEVELOPING PAYMENTS
BUSINESS
IN UZBEKISTAN, THROUGH RECENTLY ACQUIRED SUBSIDIARY, PAYME
    * TBC BANK GROUP - TOTAL AMOUNT OF INITIAL INVESTMENT FROM
ALL
SHAREHOLDERS WILL BE $ 40 MILLION FOR THE UZBEK VENTURE

Source text for Eikon:  ID:nRSU4799Aa 
Further company coverage:  TBCG.L 

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