Our Journey

Founded in 1993, over the past three decades TBC Group has continuously grown and evolved, from a start-up with US$500 in capital to becoming an international banking group including the leading financial services business in Georgia and a digital banking ecosystem in Uzbekistan.

Since our LSE IPO in 2014, we have consistently delivered high profitability and growth for our shareholders.

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During our decade as a public company, we have delivered:

  • Consistent and strong profitability: c22% average ROE and 24% net profit CAGR
  • Dynamic growth: 22% gross loan CAGR and active customers growth of sixfold to over 7.5 mln
  • Value-adding capital allocation: boosting our dominant Georgian franchise through M&A and building digital financial services in high growth potential Uzbekistan
  • Reliable capital returns to shareholders: consistent 25-35% dividend payout ratio, offering income and growth to shareholders
2023-2017

2023

  • Acquisition of the remaining 49% stake in Payme.

2022

  • Established TNET - the largest technology company in Georgia.

2020

  • Launched banking operations in Uzbekistan.
  • TBC Bank Group PLC became a member of the FTSE4Good Index Series following the FTSE4Good Index Series Semi Annual Review in June 2020.
  • From December 1, 2020, TBC Bank Group PLC shares were added to the MSCI United Kingdom Small Cap Index.

2019

  • Launched customer focused digital ecosystems.
  • TBC Bank Group acquired a 51% stake in LLC Inspired, a leading payment platform in Uzbekistan trading under the Payme brand.
  • Issued $300 million Senior Unsecured Notes and $125 million Additional Tier 1 Capital Perpetual Subordinated Notes.

2018

  • TBC Bank has launched a fully digital bank "Space".

2017

  • TBC Bank has successfully completed the merger with Bank Republic on May 8, well ahead of the schedule.
  • TBC Bank Group plc shares is included as a constituent in the FTSE250 Index from 19 June.
2016-2012 2011-2007 2006-2002 2001-1997 1996-1992