Georgia's TBC Bank pushes on, could be helped by Ukraine crisis

By Nina Flitman
15 May 2014

Georgian lender TBC Bank this week shrugged off fears about the crisis in Ukraine spreading, as it launched an IPO that could be a pathfinder for companies looking to move past the volatility in the region and for Georgia’s stalling privatisation plan. The deal could even be helped by trouble in Ukraine and Russia as EM funds look to reallocate cash into safer markets in central and eastern Europe, said bankers close to it.

TBC Bank's IPO  had been scheduled for launch in March, on the back of the bank’s full year numbers. But shortly after the planned launch tensions flared up and investors panicked — specialist frontier market funds urged the company to press ahead, but emerging markets investors became cautious, bankers said.


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