TBC Bank Group Share News (TBCG)

TBC Bank profits slip in third quarter

(Sharecast News) - TBC Bank Group reported a third-quarter net profit of GEL 300m (£90.14m) on Thursday, marking a 6% year-on-year decrease, with a return on equity (ROE) of 27.6%.

IN BRIEF: Bank of Georgia and TBC note nine-month banking profits

Bank of Georgia Group PLC and TBC Bank Group PLC - Tbilisi-based lenders - Says regulator the National Bank of Georgia has released unaudited profits of all regulated Georgian commercial banks for the first nine months of 2023. Bank of Georgia says its regulated banking subsidiary JSC Bank of Georgia delivered net profit of GEL981.9 million, or around GBP295.9 million, for the first nine months of 2023. Standalone net profit for the first half was GEL651.1 million, while fully consolidated group profit totalled GEL709.9 million. Net profit for TBC Bank JSC was GEL803.8 million, following standalone net profit of GEL 530.3 million and consolidated group net profit of GEL548.0 million.

UK earnings, trading statements calendar - next 7 days

IN BRIEF: TBC signs USD20 million loan deal with EBRD to boost women

TBC Bank Group PLC - Tbilisi, Georgia-based bank - Signs USD20 million loan agreement with European Bank for Reconstruction & Development, focused on promoting women's entrepreneurship and women's participation in the economy by alleviating gender gaps in access to finance. Francis Malige, managing director for financial institutions at EBRD says: "Building an inclusive and sustainable economy remains one of the EBRD's priorities, and women entrepreneurs are an important driver of economic growth in Georgia. With today's signing, we look forward to seeing more female leaders bringing their business ideas to life, and would like to thank TBC Bank, the EU and Sweden, for their ongoing partnership.''

TBC Bank signs USD20 million loan deal with EBRD, supported by EU

(Alliance News) - TBC Bank Group PLC on Tuesday said that its subsidiary JSC TBC Bank has signed a USD20 million loan agreement with the European Bank for Reconstruction & Development.

London close: Stocks mixed as weaker pound lifts FTSE 100

(Sharecast News) - London's stock market presented a mixed close on Thursday, with the bourse's top-flight index ending in positive territory, buoyed by a weakening pound.

IN BRIEF: TBC Bank's Deputy CEO sells shares for GBP460,412.90

TBC Bank Group PLC - Tbilisi, Georgia-headquartered bank - Says that Deputy Chief Executive Officer Nino Masurashvili sold 17,314 shares at an average price per share of GBP26.59 on Friday, resulting in an aggregated volume price at GBP460,412.90.

TBC Bank reports "strong start" to year with surge in profit

(Alliance News) - TBC Bank Group PLC on Thursday reported a rise in profit and interest income in its first half.

TBC Bank reports bumper 1H profits on strong economic growth

(Sharecast News) - TBC reported bumper profits for the first half of the year thanks to strong growth in Georgia and Uzbekistan.

TBC Bank acquires remaining 49% of Payme for USD55.7 million

(Alliance News) - TBC Bank Group PLC on Tuesday said it has agreed to acquire the remaining 49% of digital payment provider Payme for USD55.7 million from the founding shareholders.

TBC Bank buys remaining 49% of Payme for $55.7m

(Sharecast News) - TBC Bank said it had agreed to buy the remaining 49% of Uzbekistan payments firm Payme in for $55.7m in cash.

UK shareholder meetings calendar - next 7 days

TBC Bank hails strong quarter with increased income and profits

(Alliance News) - TBC Bank Group PLC on Thursday reported rises in profit, net interest income and earnings per share after an "efficient" and "robust" performance in the first quarter, and reconfirmed its targets.

TBC posts 'robust' first-quarter results

(Sharecast News) - TBC Bank Group reported "robust" first-quarter numbers on Thursday, after it benefited from strong growth across the Georgian economy.

IN BRIEF: TBC Bank's credit rating wins upgrade from Fitch Ratings

TBC Bank Group PLC - Tbilisi, Georgia-headquartered bank - Receives an upgraded credit rating from Fitch Ratings. The bank's long-term issuer default rating is upgraded to 'BB' from 'BB-' and its viability rating is upgraded to 'bb' from 'bb-'. The outlook remains stable.