TBC Bank Group PLC

DB:LR6 Stock Report

Market Cap: €2.1b

TBC Bank Group Management

Management criteria checks 2/4

TBC Bank Group's CEO is Vakhtang Butskhrikidze, appointed in May 2016, has a tenure of 8.5 years. total yearly compensation is GEL14.98M, comprised of 21.2% salary and 78.8% bonuses, including company stock and options. directly owns 1.69% of the company’s shares, worth €35.80M. The average tenure of the management team and the board of directors is 10.2 years and 3.5 years respectively.

Key information

Vakhtang Butskhrikidze

Chief executive officer

GEL 15.0m

Total compensation

CEO salary percentage21.2%
CEO tenure8.5yrs
CEO ownership1.7%
Management average tenure10.2yrs
Board average tenure3.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Vakhtang Butskhrikidze's remuneration changed compared to TBC Bank Group's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

GEL 1b

Jun 30 2024n/an/a

GEL 1b

Mar 31 2024n/an/a

GEL 1b

Dec 31 2023GEL 15mGEL 3m

GEL 1b

Sep 30 2023n/an/a

GEL 1b

Jun 30 2023n/an/a

GEL 1b

Mar 31 2023n/an/a

GEL 1b

Dec 31 2022GEL 6mGEL 3m

GEL 995m

Sep 30 2022n/an/a

GEL 974m

Jun 30 2022n/an/a

GEL 860m

Mar 31 2022n/an/a

GEL 874m

Dec 31 2021GEL 7mGEL 3m

GEL 801m

Sep 30 2021n/an/a

GEL 703m

Jun 30 2021n/an/a

GEL 649m

Mar 31 2021n/an/a

GEL 526m

Dec 31 2020GEL 3mGEL 3m

GEL 318m

Sep 30 2020n/an/a

GEL 378m

Jun 30 2020n/an/a

GEL 352m

Mar 31 2020n/an/a

GEL 347m

Dec 31 2019GEL 5mGEL 3m

GEL 538m

Sep 30 2019n/an/a

GEL 508m

Jun 30 2019n/an/a

GEL 490m

Mar 31 2019n/an/a

GEL 473m

Dec 31 2018GEL 9mGEL 2m

GEL 435m

Sep 30 2018n/an/a

GEL 400m

Jun 30 2018n/an/a

GEL 379m

Mar 31 2018n/an/a

GEL 355m

Dec 31 2017GEL 11mGEL 3m

GEL 354m

Compensation vs Market: Vakhtang's total compensation ($USD5.46M) is above average for companies of similar size in the German market ($USD1.64M).

Compensation vs Earnings: Vakhtang's compensation has increased by more than 20% in the past year.

CEO

Vakhtang Butskhrikidze (54 yo)

8.5yrs

Tenure

GEL 14,975,000

Compensation

Mr. Vakhtang Butskhrikidze serves as the Chief Executive Officer of TBC Bank Group PLC since May 2016. Mr. Butskhrikidze serves as Chief Executive Officer and Member of Management Board of JSC TBC Bank. Mr...

Leadership Team

NamePositionTenureCompensationOwnership
Vakhtang Butskhrikidze
CEO & Executive Director8.5yrsGEL 14.98m1.69%
€ 35.8m
Giorgi Megrelishvili
Deputy CEO & CFO4.1yrsno datano data
Bidzina Matsaberidze
Chief Information Officerno datano datano data
Anna Romelashvili
Head of Investor Relations16.7yrsno datano data
Gvantsa Murghvliani
Head of HRno datano datano data
Nino Kacheishvili
Head of the Retail Loans Department11.8yrsno datano data
David Japaridze
Head of Customer Experienceno datano datano data
Alexander Iskonyan
Deputy Head of Business Analysis and Quality Assurance11.8yrsno datano data
Victor Kukhalashvili
Head of Software Development Department12.2yrsno datano data
Nikoloz Kurdiani
Chief Executive Officer of Group's Business Operations in Uzbekistan1.2yrsno datano data
Otar Nadaraia
Chief Economist6.9yrsno datano data
Tornike Gogichaishvili
Deputy CEO of Retail & MSME Bankingno datano datano data

10.2yrs

Average Tenure

Experienced Management: LR6's management team is seasoned and experienced (10.2 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Vakhtang Butskhrikidze
CEO & Executive Director8.5yrsGEL 14.98m1.69%
€ 35.8m
Per Anders Fasth
Independent Non-Executive Director3.5yrsGEL 422.80kno data
Rajeev Sawhney
Independent Non-Executive Director3yrsGEL 414.72kno data
Arne Berggren
Independent Chairman of the Board5.3yrsGEL 958.71k0.013%
€ 269.2k
Janet Heckman
Independent Non-Executive Director1.8yrsGEL 342.01kno data
Nino Suknidze
Independent Non-Executive Director3yrsGEL 395.87kno data
Tsira Kemularia
Senior Independent Non-Executive Director6.2yrsGEL 438.96kno data
Eran Klein
Independent Non-Executive Director3.5yrsGEL 414.72kno data
Thymios Kyriakopoulos
Independent Non-Executive Director3.5yrsGEL 414.72k0.015%
€ 307.5k

3.5yrs

Average Tenure

59yo

Average Age

Experienced Board: LR6's board of directors are considered experienced (3.5 years average tenure).