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TBCG - TBC Bank News Story

900p 50.0  5.9%

Last Trade - 4:35pm

Sector
Financials
Size
Mid Cap
Market Cap £468.8m
Enterprise Value £273.6m
Revenue £327.2m
Position in Universe 531st / 1819

BRIEF-TBC Bank Says FY Underlying Profit Amounted To GEL 545.1 Mln Vs GEL 454.9 Mln in 2018

Thu 20th February, 2020 7:37am
Feb 20 (Reuters) - TBC Bank Group PLC  TBCG.L :
    * FY UNDERLYING PROFIT FOR PERIOD AMOUNTED TO GEL 545.1
MILLION
(FY 2018: GEL 454.9 MILLION)
    * FY REPORTED PROFIT FOR PERIOD AMOUNTED TO GEL 540.3
MILLION (FY
2018: GEL 437.4 MILLION)
    * FY UNDERLYING RETURN ON AVERAGE EQUITY (ROE) AMOUNTED TO
22.6%
(FY 2018: 22.8%)
    * FY NET INTEREST MARGIN (NIM) STOOD AT 5.6% (FY 2018: 6.9%)
    * REITERATES MEDIUM-TERM TARGETS: ROE OF ABOVE 20%, COST TO
INCOME
RATIO BELOW 35%
    * REITERATES MEDIUM-TERM TARGETS: DIVIDEND PAY-OUT RATIO OF
25-35%
AND LOAN BOOK GROWTH OF AROUND 10-15%

Source text for Eikon:  ID:nRST5797Da 
Further company coverage:  TBCG.L 

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