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TBC Bank Group PLC (TBCG.L)

TBCG.L on London Stock Exchange

1,580.00GBp
3:48pm IST
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0.00 (+0.00%)
Prev Close
1,580.00
Open
1,592.00
Day's High
1,592.00
Day's Low
1,570.00
Volume
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Avg. Vol
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52-wk High
1,930.00
52-wk Low
1,508.00

Latest Key Developments (Source: Significant Developments)

TBC Bank Signs A Strategic Partnership Agreement
Wednesday, 25 Jul 2018 

July 25 (Reuters) - TBC Bank Group PLC ::TBC BANK SIGNS A STRATEGIC PARTNERSHIP AGREEMENT.SIGNS A CONDITIONAL STRATEGIC PARTNERSHIP AGREEMENT WITH NIKOIL BANK TO DEVELOP ITS AZERBAIJANI BUSINESS.PARTNERSHIP INCLUDES MERGER OF TBC BANK'S AZERBAIJANI UNIT, TBC KREDIT, WITH NIKOIL BANK, WHICH REMAINS SUBJECT TO APPROVAL OF AUTHORITIES.AFTER MERGER TBC BANK WOULD OWN UP TO 10PCT OF MERGED ENTITY.  Full Article

Georgia's TBC Bank updates on impact from amendment to current corporate taxation model
Friday, 15 Jun 2018 

TBILISI, June 15 (Reuters) - TBC Bank Group PLC said in a statement::* AMENDMENT TO CURRENT CORPORATE TAXATION MODEL APPLICABLE TO FINANCIAL INSTITUTIONS.* AMENDMENT TO CURRENT CORPORATE TAXATION MODEL APPLICABLE TO FINANCIAL INSTITUTIONS HAS BECOME EFFECTIVE FROM 12 JUNE 2018.* CHANGE IMPLIES ZERO CORPORATE TAX RATE ON RETAINED EARNINGS, 15 PERCENT CORPORATE TAX RATE ON DISTRIBUTED EARNINGS STARTING FROM 1 JAN 2023.* RE-MEASUREMENT OF DEFERRED TAXES ESTIMATED TO RESULT IN 14-19 MILLION LARI EXPENSE ON THE PROFIT AND LOSS STATEMENT AND 5 MILLION LARI REDUCTION IN EQUITY IN Q2, 2018.* CONTINUES TO EXPECT ITS EFFECTIVE TAX RATE, EXCLUDING ONE-OFF DEFERRED TAX IMPACT, TO BE IN RANGE OF 9-11 PERCENT IN 2018.  Full Article

TBC Bank Says Q1 Net Profit Amounted To GEL 97.5 Mln
Thursday, 17 May 2018 

May 17 (Reuters) - TBC Bank Group PLC ::REITERATE MEDIUM-TERM TARGETS: ROE OF ABOVE 20%, COST TO INCOME RATIO BELOW 40%, DIVIDEND PAY-OUT RATIO OF 25-35%, LOAN BOOK GROWTH AT AROUND 15%.Q1 NET PROFIT AMOUNTED TO GEL 97.5 MILLION VERSUS GEL 96.6 MILLION IN Q1 2017.Q1 NET INTEREST INCOME OF GEL 175.4 MILLION VERSUS GEL 142.3 MILLION YEAR AGO.Q1 NET INTEREST MARGIN (NIM) STOOD AT 6.9% VERSUS 6.6 PERCENT IN Q1 2017.GROSS LOANS AND ADVANCES TO CUSTOMERS STOOD AT GEL 8,432.9 MILLION AS OF 31 MARCH 2018, UP BY 18.4% YOY.  Full Article

TBC Bank Group ‍Q3 underlying net profit up 29 pct
Thursday, 16 Nov 2017 

Nov 16 (Reuters) - Tbc Bank Group Plc :‍underlying net profit for 3q 2017 up by 29.0% yoy to gel 88.0 million​.‍total assets amounted to gel 12,136.9 million as of 30 september 2017, up by 60.0% yoy and 7.6% qoq​.‍gross loans and advances to customers stood at gel 7,767.6 million as of 30 september 2017, up by 55.2% yoy​.Qtrly ‍net interest margin (nim) stood at 6.2%​.‍net loans to deposits + ifi funding stood at 91.6% and net stable funding ratio (nsfr) stood at 134.5% at sep-end​.Tbc bank group plc - as at sept 30 ‍npls stood at 3.5%, down by 1.1 pp yoy and up by 0.1 qoq​.‍total customer deposits stood at gel 7,096.5 million as of 30 september 2017, up by 54.5% yoy​.‍ q3 total operating income amounted to 207.1 million up by 28.0% yoy​.Tbc bank group plc - as at sept 30 ‍regulatory tier i and total capital adequacy ratios stood at 10.8% and 14.5% respectively​.‍ q3 underlying cost to income ratio stood at 39.8%​.Q3 ‍cost of risk on loans stood at 1.3%​.  Full Article

TBC Bank signs syndicated loan agreement of $106.5 million
Friday, 20 Oct 2017 

Oct 20 (Reuters) - Tbc Bank Group Plc :‍TBC BANK SIGNS SYNDICATED LOAN AGREEMENT OF USD 106.5 MILLION WITH FMO AND OFID​.‍FMO FUNDING ENABLES TBC BANK TO FURTHER SUPPORT MICRO, SMALL AND MEDIUM-SIZED ENTERPRISE (MSME) FINANCING IN GEORGIA​.  Full Article

UPDATE 1-Georgia's TBC Bank FY profit buoyed by strong lending, economic growth

Feb 22 TBC Bank Group Plc, Georgia's largest retail bank, reported a jump in full-year net profit, buoyed by robust lending, and maintained its medium-term targets in a growing economy.