TBC Bank Group Share Price (TBCG)

70% up and my biggest holding for 2025, only place this share price is going is up over the next few years.

They've done well, shares up at over £40 now. Growth with a fat divi is rare so i'm super happy with this share

(Sharecast News) - TBC Bank impressed on Wednesday by reporting record revenues and a big jump in profits in the fourth quarter, with the UK-listed Georgian bank confident of hitting its strategic targets for 2025.

Total operating income was up 22.6% year-on-year at an all-time high of 784m Georgian lari (£226m) in the final three months of 2024, with net interest income rising 14.9% to GEL508m, net fee and commission income up 34.4% at GEL148m, and other non-interest income was 46.4% higher at GEL128m.

Results were driven by the payments business in Georgia and strong growth in Uzbekistan, where TBC scaled up during the year with total users rising 37% to 18m and its loan book more than doubling.

Adjusted net profits for the fourth quarter were up 18.2% at GEL344m.

For 2024 as a whole, total operating income was 19.4% higher at GEL2.83bn, while adjusted net profit rose 15.6% to a record GEL1.32bn.

TBC declared a final dividend of GEL5.55, taking the full-year payout to GEL8.10, up 12% on 2023.

"As a team, we achieved a great deal in 2024, but as always there remains much to do, and we look forward to 2025 being another year of further scaling up our business in Uzbekistan and continuing to deliver strong and profitable growth in Georgia. I am confident we are fully on track to meet the mid-term targets we have set for 2025," said chief executive Vakhtang Butskhrikidze.

Shares were up 6.2% at 3,925.02p by 0854 GMT.

Share price was £33 - 40 when I posted 31st Jan. Up nicely since & a 2% rise again so far today. So roll on for tomorrow when they are due to report to the City how they are doing. Profit to be very good.

I think TBC are also doing a lot of buybacks. Good performance regardless and lets hope the results are good too!

Only 8 trading days until exciting post no doubt to be reported.

TBC to Announce 4Q and FY 2024 Financial Results on February 12th

TBC Bank Group PLC ("TBC PLC") will publish its preliminary unaudited consolidated financial results for the fourth quarter and full year of 2024 on Wednesday, 12 February 2025 at 7.00 AM GMT. On the same day, the management team will host a conference call at 2.00 PM GMT.