Changes to the Management Board of JSC TBC Bank

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
[e-mail]

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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