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TBCG

TBC Bank

Banks

Index
FTSE 250
ISIN
Not specified
Book status
2026 edition — current
01

Company summary

TBC Bank Group is a leading financial-services group in Georgia with a rapidly growing digital banking business in Uzbekistan. It provides retail, SME and corporate banking, payments and related financial services.

02

Key activities

Retail and business banking, loans, deposits, payments, cards, wealth products and digital financial services through TBC Georgia and TBC Uzbekistan.

03

Key markets

Georgia is the core earnings market, while Uzbekistan is the principal growth market through the TBC Uzbekistan digital ecosystem.

04

Key drivers

Loan and deposit growth, net interest margin, digital customer acquisition, Georgian economic growth, Uzbekistan expansion, credit quality and return on equity.

05

Key risks

Georgian political and economic risk, currency movements, credit losses, rapid growth in Uzbekistan, regulation, interest-rate changes and regional geopolitical tensions.

06

Recent Developments

6 August 2026: second-quarter net profit rose 12% to GEL386m and first-half profit increased 13% to GEL751m, with Q2 return on equity of 23.6%. Continued Georgian franchise strength and rapid expansion of the Uzbekistan digital bank remain the main earnings drivers heading into 2027.

07

Dividend notes

TBC returns capital through dividends and share buybacks. The FY2025 final dividend was GEL8.87 per share, ex-dividend 21 May 2026 and paid on 22 June. A 2026 quarterly dividend of GEL1.75 per share is scheduled to go ex-dividend on 22 October and be paid on 20 November.

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