April 3 (Reuters) - TBC Bank Group PLC:
* FURTHER UPDATE ON COVID-19
* GEORGIAN ECONOMY EXPECTED TO CONTRACT IN 2020
* ADDITIONAL LOAN LOSS PROVISIONS OF 3.0-3.3% OF LOAN BOOK AGREED WITH NBG AS OF 31 MARCH 2020 (IN ACCORDANCE WITH LOCAL STANDARDS)
* OPERATIONS SUCCESSFULLY ADAPTED TO NEW OPERATING ENVIRONMENT
* Q1 2020 IFRS CONSOLIDATED FINANCIAL RESULTS DUE IN MID-MAY 2020
* CET1, TIER 1 AND TOTAL CAR AS AT 31 MARCH 2020 ARE ESTIMATED AT 8.7%, 11.5% AND 16.1%, RESPECTIVELY
* POSTPONING PHASING IN OF ADDITIONAL CAPITAL REQUIREMENTS PLANNED IN MARCH 2020, WITH AN 0.44 PP EFFECT ON TBC’S CET 1
* TARGETING TBC BANK’S COST TO INCOME RATIO FOR FULL YEAR ENDING 31 DECEMBER 2020 TO BE BROADLY THAT ACHIEVED DURING 2019 Source text for Eikon: Further company coverage:
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