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Price of TBC Shares Declined by 5.38% at London Stock Exchange

On January 10, the price of TBC Group shares declined by 5.38%. At the beginning of the trading session the price of one share made up 15 GBP, while the final price was fixed at 14.08 GBP.

As a result, the company’s market capitalization declined by 43 million USD to 763.7 million USD.

The first half of December, 2018, recorded a contraction in price of TBC shares. The price stood at 14.94 GBP as of December 1, 2018, while the figure fell to 13.50 GBP as of December 24, 2018, however, then the price extremely increased to 15.22 GBP.

According to LSE report, daily trading volume in January constituted 38 million GBP.

TBC Bank assets account for 13 billion GEL. The bank’s net profits in 2018 made up 362.8 million GEL. TBC’s major stakeholders are such investors as EBRD (8.17%) and JPMorgan Asset Management (8.43%).