TBC Bank (GB:TBCG) has released an update.
Fitch Ratings has assigned a ‘BB-‘ Long-Term Issuer Default Rating with a Stable Outlook to TBC Bank Uzbekistan, a subsidiary of TBC Bank Group PLC, matching the sovereign rating of Uzbekistan. This rating reflects TBC Bank Uzbekistan’s rapid achievement of profitability, robust balance sheet, and commitment to expanding its digital financial services. TBC Bank Group PLC is a major financial player in Georgia and has been listed on the London Stock Exchange since its expansion into Uzbekistan.
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