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BRIEF-TBC Bank Group says Q2 underlying net profit up 37.2 pct
August 21, 2017 / 6:14 AM / a month ago

BRIEF-TBC Bank Group says Q2 underlying net profit up 37.2 pct

Aug 21 (Reuters) - TBC Bank Group Plc

* UNDERLYING NET PROFIT FOR 2Q 2017 UP BY 37.2% YOY TO GEL 86.3 MILLION

* Q2 REPORTED NET PROFIT AMOUNTED TO GEL 79.9 MILLION (2Q 2016: GEL 80.5 MILLION; 1Q 2017: GEL 96.6 MILLION)

* Q2 UNDERLYING 1 RETURN ON EQUITY (ROE) AMOUNTED TO 20.4% (2Q 2016: 19.9%; 1Q 2017: 24.6%)

* Q2 REPORTED RETURN ON EQUITY (ROE) AMOUNTED TO 18.9% (2Q 2016: 25.5%; 1Q 2017: 24.2%)

* Q2 REPORTED RETURN ON ASSET (ROA) AMOUNTED TO 3.0% (2Q 2016:4.9%; 1Q 2017: 3.7%)

* NET INTEREST MARGIN (NIM) STOOD AT 6.8% IN 2Q 2017, DOWN BY 1.1 PP YOY AND UP BY 0.2 PP QOQ

* TOTAL ASSETS REACHED GEL 11,280.8 MILLION AS OF 30 JUNE 2017, UP BY 66.6% YOY AND 8.9% QOQ

* GROSS LOANS AND ADVANCES TO CUSTOMERS STOOD AT GEL 7,386.4 MILLION AS OF 30 JUNE 2017, UP BY 56.8% YOY

* AT JUNE 30, REGULATORY TIER I AND TOTAL CAPITAL ADEQUACY RATIOS STOOD AT 10.8% AND 14.6% RESPECTIVELY

* AT JUNE 30, NET LOANS TO DEPOSITS + IFI FUNDING STOOD AT 90.6% AND NET STABLE FUNDING RATIO (NSFR) STOOD AT 129% Source text for Eikon: Further company coverage:

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