JSC TBC Bank releases 2M 2024 IFRS results

TBC Bank Group PLC

27 March 2024

 

JSC TBC Bank releases 2M 2024 IFRS results

TBC Bank Group PLC ("TBC PLC") announces that the National Bank of Georgia ("NBG") has today released on its website the unaudited standalone IFRS financial results for Georgian commercial banks for 2M 2024.

According to this disclosure, JSC TBC Bank, a wholly-owned subsidiary of TBC PLC, earned GEL 169.8 mln net profit in 2M 2024. We note that this figure is accurate but unaudited, preliminary and subject to change, and does not reflect the full consolidated net profit of TBC PLC.

Please note that for further updates, monthly filings will be available at: www.nbg.gov.ge/en/page/commercial-banking-reporting.

For further enquiries, please contact:

Director of Investor Relations

Andrew Keeley

Or

Head of Investor Relations

Anna Romelashvili

[e-mail]

About TBC Bank Group PLC ("TBC PLC")

TBC Bank Group PLC ("TBC PLC") is a public limited company registered in England and Wales. TBC PLC is the parent company of JSC TBC Bank ("TBC Bank") and a group of companies that principally operate in Georgia in the financial sector. TBC PLC also offers non-financial services via TNET, the largest digital ecosystem in Georgia. Since 2019, TBC PLC has expanded its operations into Uzbekistan by operating fast growing retail digital financial services in the country. TBC PLC is listed on the London Stock Exchange under the symbol TBCG and is a constituent of the FTSE 250 Index. It is also a member of the FTSE4Good Index Series and the MSCI United Kingdom Small Cap Index.

TBC Bank, together with its subsidiaries, is a leading universal banking group in Georgia, with a total market share of 39.3% of customer loans and 40.1% of customer deposits as of 31 December 2023, according to data published by the National Bank of Georgia on the analytical tool Tableau.

 

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