TBC Bank Group
Holding Company of JSC TBC Bank

Press Releases

May 7, 2015

TBC Bank Announces Q1 2015 Unaudited IFRS Consolidated Results; Profit for Q1 2015 up by 27.0% YoY to GEL 45.6 million

 

TBC Bank today announced its Q1 2015 unaudited consolidated financial statements, prepared in accordance with the International Financial Reporting Standards (IFRS). 

Financial Highlights

  • Total operating income in Q1 2015 up by 29.8% YoY to GEL 134.1 million
  • Cost to income ratio improved to 39.2%, compared to 47.6% in Q1 2014
  • Profit for Q1 2015 up by 27.0% YoY to GEL 45.6 million, delivering return on average equity (ROAE) of 17.9%
  • Net interest margin (NIM) at 8.0% in Q1 2015, compared to 8.8% in Q1 2014
  • Total assets reached GEL 6,002.6 million as of 31 March 2015, up by 35.3% YoY and by 10.7% QoQ
  • Gross loans and advances to customers increased to GEL 4,198.2 million as of 31 March 2015, up by 43.7% YoY (by 28.6% w/o currency exchange rate effect) and by 13.3% QoQ (by 1.4% w/o currency exchange rate effect)
  • Total customer deposits increased to GEL 3,724.7 million as of 31 March 2015, up by 35.3% YoY (by 21.1% w/o currency exchange rate effect) and by 12.1% QoQ (by 0.4% w/o currency exchange rate effect)
  • Total equity stood at GEL 1,060.9 million as of 31 March 2015, up by 45.9% YoY and by 4.1% QoQ

                                           

Operational Highlights

  • TBC Group maintained its leadership position in the retail segment with a market share of 34.3% in deposits and 30.6% in loans
  • Market share in total loans increased by 0.3pp to 28.0% QoQ
    • Market share in legal entity loans decreased slightly by 0.1pp to 25.7%
  • Market share in total deposits increased by 1.0pp to 29.4% QoQ
    • Market share in legal entity deposits increased by 1.1pp to 24.2%
  • Bank Constanta was fully merged with TBC Bank in January 2015

 

 

The results materials can also be found on our website:

Q1 2015 Quarterly Report

 

Q1 2015 Results Call Presentation