Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
TBC Bank ( (GB:TBCG) ) just unveiled an update.
TBC Bank Group PLC has announced the start of a share buyback program valued at up to GEL 75 million, aiming to reduce its share capital. The program, beginning on 18 August 2025, involves purchasing shares on the open market through its corporate broker, Peel Hunt, and subsequently canceling them. This move is in line with the authority granted at its 2025 AGM and complies with relevant UK and EU regulations. The initiative is expected to impact TBC’s market positioning by potentially increasing shareholder value and optimizing capital structure.
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. It is a leading financial services group in Georgia, holding a significant market share 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: 114,710
Technical Sentiment Signal: Buy
Current Market Cap: £2.57B
For an in-depth examination of TBCG stock, go to TipRanks’ Overview page.