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TBC Bank ( (GB:TBCG) ) has provided an update.
TBC Bank Group PLC has executed a share buyback, purchasing 2,379 of its ordinary shares through Peel Hunt LLP, with plans to cancel these shares. This move is part of a buyback program announced earlier, aimed at optimizing the company’s capital structure and potentially enhancing shareholder value by reducing the number of shares in circulation.
More about TBC Bank
TBC Bank Group PLC is a public limited company registered in England and Wales, serving as the parent company of TBC Bank Georgia and TBC Uzbekistan. TBC Bank Georgia is a leading financial services group in Georgia with significant market shares in customer loans and deposits. TBC Uzbekistan is a prominent digital banking ecosystem in Central Asia, featuring the largest mobile-only bank in the country and a leading digital payments app. TBC PLC is listed on the London Stock Exchange and is part of the FTSE 250 Index.
Average Trading Volume: 147,023
Technical Sentiment Signal: Buy
Current Market Cap: £2.26B
For a thorough assessment of TBCG stock, go to TipRanks’ Stock Analysis page.