TBC Shares Fall by 5.38%

On 10 January, the price of TBC group shares fell by 5.38% at the London stock exchange. At the start of trading, one share cost 15 GBP which dropped to 14.08 GBP by the end of the trading session.

The company’s market capitalization dropped by 43 million USD to 763.7 million USD.

The TBC share price has fluctuated throughout December, dropping to 13.50 GBP on 24 December 2018.

As the company comes under investigation for operations conducted in 2008, the share price is likely to fall further.

TBC Bank assets amount to 13 billion GEL. The bank made 362.8 million GEL net profit in 2018. The bank’s major stakeholders include JPMorgan Asset Management and EBRD.

By Amy Jones

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