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An update from TBC Bank ( (GB:TBCG) ) is now available.
TBC Bank Group PLC has repurchased 3,000 of its ordinary shares at a price of 4,370 pence each as part of a buyback program announced earlier. The company plans to cancel these shares, reducing the total number of shares in issue to 56,031,473. This move is part of TBC Bank’s strategy to optimize its capital structure and potentially enhance shareholder value.
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 offers digitally-led financial services to retail and corporate customers. TBC Bank Georgia is a leading financial services group in Georgia, holding 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: 113,487
Technical Sentiment Signal: Buy
Current Market Cap: £2.46B
For detailed information about TBCG stock, go to TipRanks’ Stock Analysis page.