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Georgian bank to place shares on international stock exchange

Business Materials 5 December 2011 15:37 (UTC +04:00)
Georgian bank to place shares on international stock exchange TBC-bank, one of the leaders of Georgian banking sector, plans to place its stocks on international stock exchanges next year.
Georgian bank to place shares on international stock exchange

Georgia, Tbilisi, Dec.5 / Trend, N.Kirtskhalia /

TBC-bank, one of the leaders of Georgian banking sector, plans to place its stocks on international stock exchanges next year.

Securities will be placed on Warsaw or London stock exchange, said a bank representative to Trend on Monday.

This will happen, supposedly, in spring 2012. As a result of this operation TBC-bank expects a profit in the amount of $400-$450 million.

So far, only Bank of Georgia has placed its securities on international stock exchanges. The stocks of bank were placed on the London stock exchange.

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