REG - TBC Bank Group PLC - Changes to the Management Board of JSC TBC Bank

TBC BankAnnouncement

Tue 16:15

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RNS Number : 9665E  TBC Bank Group PLC  19 May 2026

Changes to the Management Board of JSC TBC Bank

TBC Bank Group PLC ("TBC PLC" or the "Company") announces an update within the
executive management team of its Georgian banking subsidiary, JSC TBC Bank
(the "Bank").

Sandro Rtveladze is appointed as Deputy CEO, Retail Banking of JSC TBC Bank,
subject to the approval of the National Bank of Georgia, and will join the
Bank with effect from 6 July 2026, or such later date as may be required for
the completion of the relevant regulatory approvals. In this role, he will
oversee the wide range of products, services and channels serving the Bank's
retail customers.

Sandro joins JSC TBC Bank from Ipoteka Bank, where, as chairman of the
management board, he led the successful turnaround of OTP Group's Uzbek
subsidiary. He was previously the CEO of TBC Uzbekistan, the Group's digital
bank, and has held senior roles at OTP Bank Russia, Liberty Bank Georgia and
Bayport Management Africa, bringing more than a decade of senior management
experience in retail and digital banking.

With strong Georgian roots and 11 years of extensive international leadership
experience, this appointment represents a homecoming and will further
strengthen the Bank's growth and transformation agenda.

Vakhtang Butskhrikidze, CEO of TBC Bank Group PLC, commented:

"We are delighted to welcome Sandro back to the Group. He brings a combination
of deep retail banking expertise and strong execution capabilities across
multiple markets. I am confident that his leadership will further strengthen
our retail banking in Georgia."

George Tkhelidze, CEO of JSC TBC Bank, commented:

"Sandro is a highly respected banking executive with a strong track record of
delivering growth, innovation and operational excellence. His extensive
experience across retail makes him well positioned to lead the next stage of
development of our retail banking business."

 

 

 

For further enquiries, please contact:

Director of Investor Relations

Andrew Keeley

Or

Head of Investor Relations

Anna Romelashvili
ir@tbcbank.com.ge (mailto:ir@tbcbank.com.ge)

 

About TBC Bank Group PLC ("TBC Group")

TBC Group is a London-listed financial services group (LSE: TBCG) serving 7.2
million digital monthly active users across Georgia and Uzbekistan through two
complementary business models focused on simplicity, accessibility and
customer experience. TBC Georgia is the country's leading financial services
provider - a digitally-led franchise across retail, MSME and CIB with a
nationwide footprint and a long track record of profitable growth and strong
shareholder returns. TBC Uzbekistan is building Central Asia's leading digital
financial ecosystem, serving consumers and businesses through a fully digital
model.

Founded in Georgia in 1992 and operating in Uzbekistan since 2020, TBC Group
has evolved from a national leader into a regional financial services group.

TBC PLC is a public limited company registered in England and Wales. It is a
constituent of the FTSE 250 Index and is also included in the FTSE4Good Index
Series and the MSCI United Kingdom Small Cap Index.

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