TBC Bank deputy CEO, CFO Shagidze to leave

TBC Bank said on Tuesday that deputy chief executive officer and chief financial officer Giorgi Shagidze plans to leave at the end of the year "to explore other opportunities in a different field and/or geography".

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The bank, which will begin a search for a replacement, said Shagidze will stay on as CFO and as an executive director until the year end to ensure an orderly transition.

TBC said it expects make further announcements regarding the date of his departure and details of his replacement later in 2020.

Chief executive Vakhtang Butskhrikidze said: "Giorgi Shagidze has been with TBC since 2010 and has been a key member of our management team. His commitment has been crucial in helping to drive the continued success of the group throughout these years."