18th Nov 2021 10:52
TBC Bank Group PLC - Tbilisi, Georgia-based lender - Net interest income in third quarter of 2021 rises 23% year-on-year to GEL259.4 million, about GBP61.3 million, from GEL211.8 million. Pretax profit increases 43% to GEL235.1 million from GEL164.5 million a year earlier. "The main driver of our profitability was the strong growth in our net interest income, which resulted in a net interest margin of 5.3%, up by 0.7 percentage points year-on-year," TBC Bank says. "Going forward, we will continue to leverage our strong Georgian franchise to maintain high profitability levels backed by the solid capital levels, while harnessing our Uzbek businesses to accelerate our growth."
Current stock price: 1,618.00 pence, up 2.4% on Thursday
Year-to-date change: up 29%
By Eric Cunha; [email protected]
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