TBC Bank Group Share News (TBCG)

TBC Bank celebrates Georgia's EU step forward as annual profit climbs

(Alliance News) - TBC Bank Group PLC on Friday reported increased annual profit, despite a drop in the fourth quarter, lifted by higher interest rates.

LONDON BRIEFING: NatWest beats on profit and confirms Thwaite as CEO

(Alliance News) - Stocks in London are called to open higher on Friday, after a morale-boosting UK retail sales reading, while NatWest kicked off London's banking earnings season with a profit beat.

TBC Bank recommends dividend after year of growth

(Sharecast News) - TBC Bank Group reported significant increases in net interest income, of 26.8%, and net fee and commission income, of 27.8%, in its full-year results on Friday, leading to total operating income of GEL 2.37bn (£0.71bn), up 14.6%.

UK earnings, trading statements calendar - next 7 days

IN BRIEF: TBC Bank subsidiary signs EUR80m loan facility with FMO

TBC Bank Group PLC - Financial services provider in Georgia and Uzbekistan - Subsidiary JSC TBC Bank signs syndicated subordinated loan agreement with FMO, a Dutch entrepreneurial development bank, in the amount of EUR80 million. The company says that the facility, which has a 10-year maturity, will "strengthen TBC's capital position, increase its long-term resilience, and support the bank's sustainable growth". FMO acted as lead arranger within the agreement, and provided funding alongside five other lenders, including the Finnish Fund for Industrial Cooperation Ltd, The Danish Investment Fund for Developing Countries, and a sustainable development goal-focused credit fund, ILX Fund.

TBC Bank agrees EUR70 million European Investment Bank loan financing

(Alliance News) - TBC Bank Group PLC on Monday said it signed a EUR70 million loan agreement with the European Investment Bank, dedicated to financing small and medium-sized enterprises and mid-caps in Georgia.

IN BRIEF: TBC Bank inks EUR100 million loan with Proparco

TBC Bank Group PLC - financial services in Georgia and Uzbekistan - Signs a EUR100 million loan with Proparco. Say the loan facility bears a maturity of seven years and will be primarily used to finance climate related investments and female entrepreneurs in Georgia.

IN BRIEF: TBC Bank director Kyriakopoulos buys over GBP80,000 of stock

TBC Bank Group PLC - financial services in Georgia and Uzbekistan - Non-Executive Director Thymios Kyriakopoulos buys 3,000 shares at GBP27.29 per share, worth GBP81,856, on Monday.

IN BRIEF: TBC Bank Group agrees loan facility with EBRD

TBC Bank Group PLC - Tbilisi-based lender - Subsidiary, JSC TBC Bank, signs a subordinated loan agreement for USD30 million with European Bank for Reconstruction & Development. The funding provided by the EBRD will strengthen TBC's capital structure and support the bank's sustainable growth, it says. The loan facility bears maturity of ten years.

TBC Bank posts slight profit fall but likes Georgia and Uzbekistan

(Alliance News) - TBC Bank Group PLC on Thursday reported a slight decrease in third quarter profit, but praised the performances of the economies of Georgia and Uzbekistan.

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.