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TBC Bank Affirmed Distribution of Dividends in the Amount of GEL 54 Million
Photo/ Davit Kukhianidze

TBC Bank Affirmed Distribution of Dividends in the Amount of GEL 54 Million

TBC Bank has approved 2015 year dividend distribution.

The matter concerns to GEL 54,556,150.26 (gross of taxes) which constitutes 25% of the TBC Bank Group IFRS Consolidated profit for 2015 attributable to the owners of the Bank (GEL 218,878,865.82) adjusted with rounding numbers per share.

The remained sum will be reinvested in the remaining profit in the Bank’s capital as retained earnings.

Accordingly, dividend per each issued and fully paid share of the Bank (50 051 514 shares excluding the treasury shares) shall amount to GEL 1.09 gross of taxes, payable in GEL or in GEL equivalent in any other currency based on the shareholder’s preference.

According to the bank, in line with the requirements of Georgian tax legislation, withholding tax of 5 % will be applicable.