TBC PLC net profit amounted to GEL 258 mln in the first half of 2019

TBC PLC net profit amounted to GEL 258 mln in the first half of 2019

access_time2019-07-29 12:53:20

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.

In the first quarter of 2019, profits amounted to GEL 133 million, respectively, in the first half of 2019, the total profit of the group reached  GEL 258 million that is GEL 217 million compared with the same period of last year.

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.

 



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