AUS
NZ
UK
CA
USA
IND
_06_19_2026_12_34_15_139937.jpg)
TBC Bank Group, headquartered in Georgia, announced solid results for the first half of the year on Friday, showcasing notable year-on-year improvements in its financial metrics. The FTSE 250 company highlighted a strong performance in its Financial Sector, with its second-quarter net profit reaching GEL 329 million (£95.64 million), reflecting a 12% increase from the previous year. The return on equity (ROE) for this period was 27.1%.
For the first half of the year, TBC Bank Group (LSE:TBCG)'s net profit totaled GEL 626 million, marking a 14% rise from the same period in the previous year. The return on equity stood at 26.0% during this period. The bank's total operating income grew by 16% year-on-year to GEL 678 million, driven by a 15% increase in net interest income and a 17% rise in net fee and commission income.
Despite facing a 25.9% increase in operating expenses, TBC Bank's profit before tax for the half-year grew by 13.6%, reaching GEL 733.47 million. This growth was supported by the bank's expanding digital banking ecosystem in Uzbekistan, which has played a significant role in its success. The Uzbekistan operations contributed 7% to the group's net profit and delivered a return on equity of 25.7% in the first half.
The bank reported a 33% year-on-year increase in the number of monthly active users (MAUs) on its digital banking platform, reaching 5.7 million. This was accompanied by substantial growth in daily active users.
In its core market of Georgia, TBC Bank's loan portfolio grew by 19% year-on-year in constant currency terms. The net profit in this region increased by 9%, and the return on equity was 26.9%.
TBC Bank also reported strong capital positions, with CET1, tier one, and total capital ratios significantly above regulatory requirements. Additionally, the bank declared an interim dividend of GEL 2.55 per share, which will be payable in November.
