TBC Bank Group PLC Trading Statement (6367S)
November 07 2023 - 3:31AM
UK Regulatory
TIDMTBCG
RNS Number : 6367S
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
ir@tbcbank.com.ge
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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END
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