Trading Statement

TBC Bank Group PLC

07 November 2023

 

TBC Bank Group PLC notes the release by the National Bank of Georgia of unaudited standalone TBC Bank JSC profits for the first nine months of 2023

TBC Bank Group PLC ("TBC PLC" or the "Group") notes that its regulator, the National Bank of Georgia (the "NBG"), has recently released the unaudited profits of all the regulated Georgian commercial banks for the first nine months of 2023.

TBC Bank JSC's unaudited net profit figure disclosed by the NBG for the first nine months of 2023 is GEL 803.75 million. This unaudited figure represents solely the regulated Georgian bank subsidiary profit, rather than the fully consolidated Group profit.  For context, in the first six months of 2023 TBC Bank JSC's standalone net profit was GEL 530.3 million while the Group's consolidated net profit was GEL 548.0 million.

As previously announced, the fully consolidated results of TBC PLC for the first nine months of 2023 will be published on 9 November 2023.

For further enquiries, please contact:

Director of Investor Relations and International Media

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 38.8% of customer loans and 40.1% of customer deposits as of 30 June 2023, according to data published by the National Bank of Georgia.

 

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