TBC Bank Announces Unaudited 4Q and FY 2023 Preliminary Unaudited Consolidated Financial Results
4Q 2023 profit of GEL 291 million, up by 30% YoY, with ROE at 25.2%.
FY 2023 profit of GEL 1,140 million, up by 14% YoY, with ROE at 26.5%.
European Union Market Abuse Regulation EU 596/2014 requires TBC Bank Group PLC to disclose that this announcement contains Inside Information, as defined in that Regulation.
The financial information contained in this document does not constitute statutory accounts for the years ended 31 December 2023 and 31 December 2022 within the meaning of section 435 of the Companies Act 2006 (the Act), but is derived from those accounts. The statutory accounts for the year ended 31 December 2023 will be published on the Group’s website and will be delivered to the Registrar of Companies in accordance with section 441 of the Act. The auditor’s report on those accounts is expected to be unqualified. The statutory accounts for the year ended 31 December 2022 have been filed with the Registrar of Companies, and the auditors’ report on those accounts was unqualified, did not draw attention to any matters by way of emphasis and did not include a statement under sections 498(2) or 498(3) of the Act.
Financial Highlights
Income statement
Balance sheet
Key ratios
Operational Highlights
Customer base
Digital customers
Uzbekistan - key highlights
TNET – digital lifestyle platform in Georgia
Additional Information Disclosure
The following materials are disclosed on our Investor Relations website on https://tbcbankgroup.com/ under Results Center section:
- 4Q and FY 2023 Results Report
- 4Q and FY 2023 Results Call Presentation
- Supplementary Data
For further enquiries, please contact:
Director of Investor Relations
Andrew Keeley
Or
Head of Investor Relations
Anna Romelashvili
ir@tbcbank.com.ge
About TBC Bank Group PLC ("TBC PLC")
TBC Bank Group PLC ("TBC PLC") is a public limited company registered in England and Wales. TBC PLC is the parent company of JSC TBC Bank ("TBC Bank") and a group of companies that principally operate in Georgia in the financial sector. TBC PLC also offers non-financial services via TNET, the largest digital ecosystem in Georgia. Since 2019, TBC PLC has expanded its operations into Uzbekistan by operating fast growing retail digital financial services in the country. TBC PLC is listed on the London Stock Exchange under the symbol TBCG and is a constituent of the FTSE 250 Index. It is also a member of the FTSE4Good Index Series and the MSCI United Kingdom Small Cap Index.
TBC Bank, together with its subsidiaries, is a leading universal banking group in Georgia, with a total market share of 39.3% of customer loans and 40.1% of customer deposits as of 31 December 2023, according to data published by the National Bank of Georgia on the analytical tool Tableau.