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REG - TBC Bank Group PLC - TBC to Propose the Appointment of the New Auditor

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RNS Number : 7383W  TBC Bank Group PLC  12 February 2025

TBC Bank to Propose the Appointment of Ernst & Young LLP as the New
Auditor

 

TBC Bank Group PLC ("TBC PLC") announces its intention to appoint Ernst &
Young LLP ("EY") as its auditor for the financial year starting 1 January
2026, subject to shareholder approval at the 2025 Annual General Meeting.

This follows an extensive competitive tender process, which was overseen by
TBC PLC's Audit Committee. As a result of this process, the selection of EY
was recommended, which has been approved by the TBC PLC Board.
PricewaterhouseCoopers LLP ("PwC"), TBC PLC's current external auditor, will
continue in its role and will undertake the audit of the TBC Group and TBC PLC
for the financial years ending 31 December 2024 and 2025. The appointment of
EY for the financial year starting from 1 January 2026 will be recommended to
TBC PLC's shareholders for approval at the 2025 Annual General Meeting.

 

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 PLC")

TBC Bank Group's mission is to make people's lives easier by providing
digitally-led financial services to retail and corporate customers. TBC Bank
Group PLC ("TBC PLC") is a public limited company registered in England and
Wales and is the parent company of TBC Bank Georgia and TBC Uzbekistan.

TBC Bank Georgia, together with its subsidiaries, is the leading financial
services group in Georgia, with a total market share of 38.5% of customer
loans and 38.1% of customer deposits as of 31 December 2024, according to data
published by the National Bank of Georgia.

TBC Uzbekistan is the leading digital banking ecosystem in Central Asia with
18 mln unique registered users that includes TBC Bank Uzbekistan, the
country's largest mobile-only bank, Payme, a leading digital payments app for
individuals and small businesses, and Payme Nasiya, an instalment credit
business.

TBC PLC is listed on the London Stock Exchange under the symbol TBCG and is a
constituent of the FTSE 250 Index. It is also a member of the FTSE4Good Index
Series and the MSCI United Kingdom Small Cap Index.

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