20th Feb 2026 12:11
(Alliance News) - TBC Bank Group PLC on Friday said a positive final quarter of 2025 helped it reach strong full-year results, allowing for a double-digit increase in its annual dividend.
TBC Bank is a London-registered, Tbilisi-based lender in Georgia and Uzbekistan.
Pretax profit was GEL1.67 billion in 2025, up 8.4% from GEL1.54 billion in 2024, as total income before credit loss provisions and expenses rose 20% to GEL3.39 billion from GEL2.83 billion. Within that, net interest income was GEL2.35 billion in 2025, up 24% from GEL1.90 billion in 2024.
Net profit was GEL1.42 billion last year, up 8.6% from GEL1.31 billion in 2024.
In the fourth quarter alone, pretax profit grew by 12% to GEL477.8 million from GEL368.3 million in third quarter and was up 12% from GEL392.4 million a year before, while net profit grew by 5.1% to GEL387.2 million from GEL368.2 million in the third quarter and by 16% from GEL334.6 million a year before.
Total income was GEL900.9 million in the fourth quarter, up 2.4% from GEL880.2 million in the third and 15% from GEL783.7 million a year before. Net interest income was GEL325.9 million in the fourth quarter, up 2.4% from GEL611.5 million in the third quarter and up 23% from GEL507.7 million a year before.
TBC Bank declared a final dividend of GEL3.87 per share for a total dividend for 2025 of GEL8.87 per share, up 10% from 2024 and representing a payout ratio of 35%. TBC also carried out a GEL75 million share buyback programme last year.
The company said it scaled up its business in Uzbekistan last year, said it's well positioned into 2026.
Chief Executive Officer Vakhtang Butskhrikidze said: "I firmly believe that the group is in excellent shape to continue delivering long-term value for our shareholders. Our market leading Georgian franchise is gaining good traction in building up its retail customer base, whilst remaining the dominant player in corporate and investment banking and affluent retail, and we expect it to remain a core engine of group earnings.
"We also see great potential in Uzbekistan, where we will continue to launch new product verticals and scale up...in 2026."
TBC Bank shares were up 4.7% to 4,500.84 pence each midday Friday in London.
By Martin Miraglia, Alliance News reporter
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