TBC Bank Reports Strong Q3 Profits and Growth

TBC Bank (GB:TBCG) has released an update.

TBC Bank Group has reported a strong financial performance for the third quarter and first nine months of 2024, with a 16% year-on-year increase in quarterly profit to GEL 347 million and a 15% rise in profit for the nine-month period to GEL 973 million. The bank’s return on equity remains robust, while operating income saw a significant boost driven by higher net interest and commission income. These results underscore the bank’s effective growth strategy in both Georgia and Uzbekistan, attracting attention from investors in the stock market.

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