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TBCG - TBC Bank News Story

988p -26.0  -2.6%

Last Trade - 10:44am

Sector
Financials
Size
Mid Cap
Market Cap £559.3m
Enterprise Value £1.40bn
Revenue £312.8m
Position in Universe 504th / 1807

BRIEF-TBC Bank Says FY Net Profit Rises 35.1 Pct

Thu 22nd February, 2018 7:03am
Feb 22 (Reuters) - TBC Bank Group Plc  TBCG.L : 
    * FY NET PROFIT AMOUNTED TO GEL 369.2 MILLION, UP BY 35.1% 
YOY, 
HENCE DELIVERING AN UNDERLYING ROE OF 21.4% 
    * TBC BANK GROUP PLC SAYS FY COST TO INCOME RATIO STOOD AT 
40.5 
PERCENT VERSUS 42.9 PERCENT IN 2016 
    * REITERATE OUR MEDIUM-TERM TARGETS: ROE OF ABOVE 20%, COST 
TO 
INCOME RATIO BELOW 40%, DIVIDEND RATIO OF 25-35%, LOAN BOOK 
GROWTH AT 15% 
    * TBC BANK GROUP PLC SAYS GROSS LOANS AND ADVANCES TO 
CUSTOMERS 
STOOD AT GEL 8,553.2 MILLION AS OF 31 DECEMBER 2017, UP BY 16.2% 
YOY 
    * TBC BANK GROUP PLC SAYS FY NET INTEREST MARGIN STOOD AT 
6.5 
PERCENT VERSUS 7.8 PERCENT IN 2016 
    * FY ROE OF 20.9 PERCENT AND RETURN ON ASSETS OF 3.1 PERCENT 
 
Source text for Eikon:  ID:nRSV6184Fa  
Further company coverage:  TBCG.L  
 
 ((Bangalore.newsroom@thomsonreuters.com;))
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