July 29 (Reuters) - Georgian lender TBC Bank Group Plc on Monday said it has appointed independent director Nikoloz Enukidze as the company’s chairman with immediate effect, less than a week after its former chief Mamuka Khazaradze stepped down.
Last week, the company said Khazaradze and his deputy Badri Japaridze decided to step down from TBC’s board, a day after prosecutors charged them with money laundering.
The company’s underlying net profit for the first half of the year rose 18.8% to 258.3 million laris ($88.92 million), TBC Bank said on Monday. ($1 = 2.9050 laris) (Reporting by Pushkala Aripaka in Bengaluru, Editing by Sherry Jacob-Phillips)
Our Standards: The Thomson Reuters Trust Principles.