TBC Bank Group has published financial results for the second quarter of the year 2019 on the London Stock Exchange (LSE) today. According to the document, TBC PLC net profit amounted to GEL 125 million in the reporting period that is GEL 5 million more compared to the same period of 2018.
The Group’s assets amounted to GEL 17.2 billion as of June 30, 2019 which is 27% more than in the previous year.
The total volume of loans issued by TBC has increased by 25% annually and amounted to GEL 11.1 billion. A volume of deposits grew 24.5% and totaled GEL 9.9 billion as of June 30, 2019. TBC accounts for 39% of Georgian banking sector ‘s assets, 38.5%- of loans and 41% of deposits.
The bank is considered Georgia’s largest financial institution by all these indicators.