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TBCG - TBC Bank News Story

960p 15.0  1.6%

Last Trade - 4:35pm

Sector
Financials
Size
Mid Cap
Market Cap £521.2m
Enterprise Value £1.35bn
Revenue £306.9m
Position in Universe 518th / 1803

BRIEF-TBC Bank Group H1 Net Profit 69.2 Mln GEL

Tue 18th August, 2020 7:15am
Aug 18 (Reuters) - TBC Bank Group PLC  TBCG.L :
    * H1 NET PROFIT 69.2 MILLION GEL
    * HY NET INTEREST MARGIN (NIM) STOOD AT 4.7% (1H 2019: 6.0%)
    * TOTAL ASSETS AMOUNTED TO GEL 19,813.4 MILLION, UP BY 15.0%
YOY
AS OF 30 JUNE 2020
    * BASEL III CET 1, TIER 1 AND TOTAL CAPITAL ADEQUACY RATIOS
PER
NBG STOOD AT 10.0% 12.7% AND 17.2% RESPECTIVELY AS OF 30 JUNE
2020
    * IN 1H 2020, NET INTEREST INCOME AMOUNTED TO GEL 392.3
MILLION,
DOWN BY 1.6% YOY,
    * FOCUS IN SHORT-TERM WILL BE MAINTAINING PRUDENT CAPITAL
AND
LIQUIDITY POSITIONS
    * IN MEDIUM TERM (3 TO 5 YEARS), WE REMAIN COMMITTED TO OUR
GUIDANCE
    * IN CONSTANT CURRENCY TERMS, OUR LOAN BOOK REMAINED BROADLY
STABLE ON A QUARTER-ON-QUARTER BASIS
    * MARKET SHARE IN TOTAL LOANS AND TOTAL DEPOSITS STOOD AT
39.5%
AND 37.1% RESPECTIVELY AS OF 30 JUNE 2020.

Source text for Eikon:  ID:nRSR3808Wa 
Further company coverage:  TBCG.L 

 ((Reuters.Briefs@thomsonreuters.com;))
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