London · Delayed Price · Currency is GBP · Price in GBX TBC Bank Group Earnings Call Transcripts
Fiscal Year 2026
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Q1 net profit rose 15% year-on-year, driven by strong performance in Georgia and resilient results in Uzbekistan despite regulatory headwinds. Group NIM held at 7%, with robust loan and deposit growth, and digital engagement continued to rise.
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Ambitious plans include doubling business size by 2030, with Uzbekistan set to contribute 25% of profits and digital MAU targeted at 12 million. Georgia aims for sustained double-digit growth and digital leadership, while Uzbekistan focuses on ecosystem expansion, product innovation, and a possible IPO.
Fiscal Year 2025
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Net profit rose 9% year-over-year to GEL 1.4 billion with ROE at 24.2%, driven by strong Georgian performance and digital growth. Uzbekistan faced regulatory headwinds but achieved robust loan and revenue growth. Dividend increased 10% year-over-year to 8.87 GEL.
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Record quarterly profit and strong ROE driven by robust loan and deposit growth in Georgia and Uzbekistan. Regulatory changes in Uzbekistan require a pivot to SME lending, impacting profit guidance, but long-term growth prospects remain positive.
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Q2 net profit rose 5% year-on-year to GEL 346 million with ROE at 24%. Georgia and Uzbekistan delivered strong loan and deposit growth, with Uzbekistan's operating income up 86%. Dividend and share buyback announced, and NIM expected to remain robust.
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Q1 2025 saw net profit rise 7% year-on-year to GEL 319 million, with strong growth in both Georgia and Uzbekistan. A one-off impairment in Uzbekistan was swiftly addressed, and the group remains on track to meet 2025 targets, supported by robust digital product launches and solid capital buffers.
Fiscal Year 2024
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Net profit grew 15% year-on-year to over GEL 1.3 billion, with strong results in both Georgia and Uzbekistan. Dividend per share rose 12%, and 39% of net income was returned to shareholders. Uzbekistan's rapid expansion contributed 8% of group profits in 2024.
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Record quarterly net profit and strong ROE driven by robust growth in Georgia and Uzbekistan, with digital expansion and profitability momentum. Confident outlook for 2025, continued investment in Uzbekistan, and stable risk profile support future growth.
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Record Q2 earnings with 27%+ ROE, 12% net profit growth, and strong digital expansion. Uzbekistan's contribution rises, with robust loan growth and profitability. Interim dividend and share buyback reflect strong capital position.