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United Kingdom

TBC Bank Group PLC (TBCG.L)

TBCG.L on London Stock Exchange

1,250.00GBp
13 Sep 2019
Change (% chg)

0.00 (+0.00%)
Prev Close
1,250.00
Open
1,242.00
Day's High
1,256.00
Day's Low
1,240.00
Volume
49,422
Avg. Vol
39,374
52-wk High
1,766.00
52-wk Low
1,188.00

Latest Key Developments (Source: Significant Developments)

TBC Bank Group To Commence Share Repurchase Programme Of Up To £20 Million
Monday, 29 Jul 2019 

July 29 (Reuters) - TBC Bank Group PLC ::TBC BANK GROUP PLC - SHARE REPURCHASE PROGRAMME.TBC BANK GROUP PLC - WILL COMMENCE A PROGRAMME TO PURCHASE ORDINARY SHARES OF UP TO £20 MILLION.TBC BANK GROUP PLC - MAXIMUM AGGREGATE NUMBER OF ORDINARY SHARES THAT MAY BE PURCHASED UNDER PROGRAMME IS 1,800,000.  Full Article

TBC Bank Group Says HY Underlying Net Profit Of GEL 258.3 Million
Monday, 29 Jul 2019 

July 29 (Reuters) - TBC Bank Group PLC ::TBC BANK GROUP PLC HY UNDERLYING NET PROFIT AMOUNTED TO GEL 258.3 MILLION (1H 2018: GEL 217.4 MILLION).TBC BANK GROUP PLC - HY REPORTED RETURN ON EQUITY (ROE) AMOUNTED TO OF 22.3% (1H 2018: 21.2%).TBC BANK GROUP PLC - HY NET INTEREST MARGIN (NIM) STOOD AT 5.8% (1H 2018: 7.0%).TBC BANK GROUP PLC HY REPORTED NET PROFIT AMOUNTED TO GEL 253.5 MILLION (1H 2018: GEL 200.0 MILLION).TBC BANK GROUP PLC - GROSS LOANS AND ADVANCES TO CUSTOMERS STOOD AT GEL 11,141.4 MILLION AS OF 30 JUNE 2019, UP BY 25.2% YOY AND UP BY 7.5% QOQ.TBC BANK GROUP PLC HY UNDERLYING RETURN ON EQUITY (ROE) WITHOUT ONE-OFFS OF 22.7% (1H 2018: 23.0%).TBC BANK GROUP PLC - BOARD HAS APPOINTED SENIOR INDEPENDENT DIRECTOR NIKOLOZ ENUKIDZE TO SERVE AS CHAIRMAN OF TBC BANK GROUP PLC.TBC BANK - UNDERTAKEN BENCHMARKING AND REVIEW OF ALM AND RELATED PARTY POLICIES AND PROCEDURES COMPLIANCE WITH LOCAL AND INTERNATIONAL REQUIREMENT.TBC BANK GROUP PLC - REVIEWS OF POLICIES DID NOT IDENTIFY ANY MATERIAL DEFICIENCIES.  Full Article

TBC Bank Says Georgian Office Of Public Prosecution Intends To Charge Chairman, Deputy Chairman
Wednesday, 24 Jul 2019 

July 24 (Reuters) - TBC Bank Group Plc ::UPDATE ON HISTORIC MATTERS.NOTES TODAY'S ANNOUNCEMENT BY GEORGIAN OFFICE OF PUBLIC PROSECUTION THAT IT INTENDS TO CHARGE CHAIRMAN AND DEPUTY CHAIRMAN.CHARGES AGAINST CHAIRMAN, DEP. CHAIRMAN FOR MATTERS RELATING TO SOME DEALS IN 2007 & 2008 AND WHICH INVOLVED TBC PLC'S SUBSIDIARY TBC BANK JSC.NO SUGGESTION OF ANY CHARGES FROM GEORGIAN OFFICE OF PUBLIC PROSECUTION BEING BROUGHT AGAINST TBC PLC, TBC BANK JSC OR ANY MEMBER OF GROUP.  Full Article

TBC Bank Signs $10 Mln Loan Agreement
Monday, 22 Jul 2019 

July 22 (Reuters) - TBC Bank Group PLC ::TBC AND RESPONSIBILITY SIGN USD 10MLN LOAN AGRMT.SIGNED A LOAN AGREEMENT IN AMOUNT OF USD 10 MILLION WITH RESPONSABILITY INVESTMENTS AG.DEAL IS PART OF INTERNATIONAL USD 175 MILLION BLENDED IMPACT FINANCE SECURITIZATION TO SME FINANCE INSTITUTIONS IN EMERGING MARKETS.FACILITY WILL PRIMARILY BE USED TO FINANCE SMALL AND MEDIUM SIZE ENTERPRISES IN GEORGIA.  Full Article

TBC Bank Group Reports Higher First-Quarter Earnings
Monday, 13 May 2019 

May 13 (Reuters) - TBC Bank Group PLC ::TBC BANK GROUP – QTRLY NET PROFIT 133.3 MILLION LARIS VERSUS 97.5 MILLION LARIS REPORTED A YEAR EARLIER.TBC BANK GROUP – QTRLY RETURN ON EQUITY 23.8% VERSUS 21.0% REPORTED A YEAR EARLIER.TBC BANK GROUP – QTRLY COST TO INCOME 37.7% VERSUS 38.1% REPORTED A YEAR EARLIER.TBC BANK GROUP – QTRLY NET INTEREST MARGIN STOOD AT 6.1% VERSUS 6.9% REPORTED A YEAR EARLIER.TBC BANK GROUP – GROSS LOANS AND ADVANCES TO CUSTOMERS STOOD AT 10.37 BILLION LARIS AS OF MARCH 31, UP BY 22.9% YOY.TBC BANK GROUP – TOTAL CUSTOMER DEPOSITS AMOUNTED TO 9.17 BILLION LARIS AS OF MARCH 31, UP BY 20.4% YOY.TBC BANK GROUP – AS OF MARCH 31, TOTAL CAPITAL ADEQUACY RATIOS PER NBG METHODOLOGY STOOD AT 19.1%.  Full Article

TBC Bank Says Growth Of Bank Loan Portfolio Continues To Moderate
Monday, 13 May 2019 

May 13 (Reuters) - TBC Bank Group Plc ::Q1 NET INTEREST MARGIN DECREASED MAINLY DUE TO NEW REGULATION LIMITING THE BANKS' ABILITY TO LEND MONEY TO HIGHER-YIELD RETAIL CUSTOMERS.GROWTH OF BANK LOAN PORTFOLIO CONTINUES TO MODERATE, PRIMARILY REFLECTING REGULATIONS ON RETAIL LENDING.  Full Article

TBC Says Mamuka Khazaradze To Step Down From JSC TBC Bank's Board
Tuesday, 2 Apr 2019 

April 2 (Reuters) - TBC Bank Group PLC ::CHANGES TO TBC BANK'S SUPERVISORY BOARD.MAMUKA KHAZARADZE & BADRI JAPARIDZE HAVE OFFICIALLY SUBMITTED RESIGNATION LETTERS AND STEPPED DOWN FROM SUPERVISORY BOARD OF JSC TBC BANK.KHAZARADZE AND JAPARIDZE WILL CONTINUE TO SERVE AS CHAIRMAN AND DEPUTY-CHAIRMAN OF BOARD OF TBC PLC RESPECTIVELY.PROCESS OF RECRUITING, SELECTING TWO NEW MEMBERS OF SUPERVISORY BOARD OF TBC BANK IS UNDERWAY AND APPOINTMENTS WILL BE MADE IN DUE COURSE.  Full Article

TBC Bank Says Unit Under Inspection By National Bank Of Georgia
Wednesday, 9 Jan 2019 

Jan 9 (Reuters) - TBC Bank Group PLC ::INSPECTION REPORT RELATING TO PAST MATTERS.INSPECTION ALLEGES THAT TRANSACTIONS BETWEEN TBC BANK AND CERTAIN ENTITIES WERE NOT IN TECHNICAL COMPLIANCE WITH RELEVANT GEORGIAN LAW.CONFIRMS UNIT TBC BANK JSC IS SUBJECT TO AN INSPECTION BY NATIONAL BANK OF GEORGIA ON TO CERTAIN TRANSACTIONS THAT TOOK PLACE IN 2007-2008.NBG HAS ISSUED A FINE OF ABOUT GEL 1 M AND, AT THIS STAGE, IT IS UNCLEAR WHETHER NBG WILL SEEK TO IMPOSE ADDITIONAL SANCTIONS.HAS ALREADY CHALLENGED THIS FINE IN COURTS IN GEORGIA AND COURT HAS ISSUED AN INJUNCTION SUSPENDING PAYMENT OF FINE.GEORGIAN OFFICE OF PUBLIC PROSECUTION HAS ALSO LAUNCHED AN INVESTIGATION INTO SAME MATTER.TBC BANK REFUTES ALLEGATIONS RELATING TO THESE HISTORIC TRANSACTIONS AND INTENDS TO VIGOROUSLY DEFEND ITS POSITION.NOT CURRENTLY EXPECTED THAT MATTERS WILL RESULT IN ANY MATERIAL CONSEQUENCES FOR GROUP.  Full Article

TBC Bank Says National Bank Of Georgia Sees FY Growth To 5.5Pct
Monday, 20 Aug 2018 

Aug 20 (Reuters) - TBC Bank Group PLC ::HY UNDERLYING NET PROFIT AMOUNTED TO GEL 217.4 MILLION (1H 2017: GEL 184.5 MILLION).HY REPORTED NET PROFIT AMOUNTED TO GEL 200.0 MILLION (1H 2017: GEL 176.4 MILLION).HY TOTAL OPERATING INCOME FOR PERIOD WAS UP BY 21.1PCT YOY TO GEL 497.1 MILLION.HY NET INTEREST MARGIN (NIM) STOOD AT 7.0PCT (1H 2017: 6.7PCT).HY RISK ADJUSTED NET INTEREST MARGIN (NIM) STOOD AT 5.3PCT (1H 2017: 5.2PCT).HY NET LOANS TO DEPOSITS + IFI FUNDING STOOD AT 89.5PCT AND NET STABLE FUNDING RATIO (NSFR) STOOD AT 127.8PCT.GROSS LOANS AND ADVANCES TO CUSTOMERS STOOD AT GEL 8,896 MILLION AS OF 30 JUNE 2018, UP BY 20.4PCT YOY.ALSO CONSIDER ENTERING OTHER MARKETS TO FURTHER INCREASE OUR BANKING OPERATIONS BEYOND GEORGIA.UPGRADE OUR MEDIUM TERM COST TO INCOME GUIDANCE FROM BELOW 40PCT TO BELOW 35PCT.TOTAL CUSTOMER DEPOSITS STOOD AT GEL 7,933 MILLION AS OF 30 JUNE 2018, UP BY 19.0PCT YOY.HIGHER THAN EXPECTED GROWTH LED NATIONAL BANK OF GEORGIA TO REVISE GROWTH FORECAST TO 5.5PCT FOR 2018, UP FROM PREVIOUS PROJECTION OF 4.8PCT.RECENT DEVELOPMENTS IN TURKEY ARE EXPECTED TO HAVE NEGATIVE IMPACT ON ECONOMIC GROWTH IN GEORGIA.  Full Article

TBC Bank Signs A Strategic Partnership Agreement
Wednesday, 25 Jul 2018 

July 25 (Reuters) - TBC Bank Group PLC ::TBC BANK SIGNS A STRATEGIC PARTNERSHIP AGREEMENT.SIGNS A CONDITIONAL STRATEGIC PARTNERSHIP AGREEMENT WITH NIKOIL BANK TO DEVELOP ITS AZERBAIJANI BUSINESS.PARTNERSHIP INCLUDES MERGER OF TBC BANK'S AZERBAIJANI UNIT, TBC KREDIT, WITH NIKOIL BANK, WHICH REMAINS SUBJECT TO APPROVAL OF AUTHORITIES.AFTER MERGER TBC BANK WOULD OWN UP TO 10PCT OF MERGED ENTITY.  Full Article

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Bank of Georgia half-year profit boosted by retail lending

London-listed Bank of Georgia reported a 36.9% rise in first-half profit on the back of strong lending at its retail banking business, while its overall margins were hurt by pricing pressure in the unsecured consumer lending market.