TBC Bank lifts Q3 net profit 10% to record GEL404m; shares jump
TBC Bank's Q3 net profit rose 10% to a record GEL404m, return on equity reached 23.2%, and London-listed shares gained 7% in morning trade, per TradingView.
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what happened
London-listed TBC Bank posted a 10% rise in net profit for the three months to the end of September, reaching a record GEL404m (£115m), according to TradingView. Return on equity came in at 23.2%. Total operating income also climbed 10% to GEL961m, helped by a 13% increase in net interest income and what the bank called strong loan growth.
Gross loans rose 16% on a constant currency basis and customer deposits grew 14%. The net interest margin edged up 0.1 percentage point to 7.4%. Chief executive Vakhtang Butskhrikidze described the quarter as strong, pointing to economic growth in Georgia and Uzbekistan, where real GDP rose 6.8% and 8% in the third quarter. Digital monthly active users reached 7.59m in September, up 10.7% year on year. The bank also declared a quarterly dividend of GEL1.75 per share and a GEL50m share buyback with cancellation. As of 1030 GMT, the shares were up 7% at 5,105p.
why it matters
Georgia remains the bank's biggest market, accounting for around 95% of net profit. For 2026 to 2028, TBC is targeting annual loan book growth of 15% or more and annual ROE of 23% or more.
market impact
TBC Bank shares: strong results and shareholder payouts support the stock in London
- TBC Bank shares pressure up — profit rose, with a dividend and share buyback announced
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instruments
sources
- Q3 profits jump at TBC Bank, shares spark — TradingView, 6 November 2026 at 10:51 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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