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TBC Bank ( (GB:TBCG) ) has issued an announcement.
TBC Bank Group PLC reported a net profit of GEL 319 million for the first quarter of 2025, marking a 7% increase year-on-year, with a return on equity of 23.2%. The bank’s financial results indicate strong growth in net interest and fee income, despite a notable increase in credit loss allowance. The company has also addressed a non-recurring impairment charge in Uzbekistan due to a data integrity issue, implementing enhanced verification controls to mitigate future risks. The announcement highlights TBC Bank’s continued expansion and operational strength in its key markets.
More about TBC Bank
TBC Bank Group PLC operates in the financial services industry, primarily offering banking services. The company focuses on the Georgian and Uzbek markets, providing a range of financial products and services to individual and corporate clients.
Average Trading Volume: 217,054
Technical Sentiment Signal: Buy
Current Market Cap: £2.7B
Learn more about TBCG stock on TipRanks’ Stock Analysis page.