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Georgian bank to place shares on international stock exchange

Business Materials 5 December 2011 15:37 (UTC +04:00)

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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