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TBCG - TBC Bank News Story

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Last Trade - 25/09/20

Sector
Financials
Size
Mid Cap
Market Cap £546.0m
Enterprise Value £1.37bn
Revenue £307.1m
Position in Universe 493rd / 1808

Georgia's TBC Bank posts 23.7 pct rise in quarterly earnings

Thu 15th November, 2018 7:16am
Nov 15 (Reuters) - TBC Bank Group Plc  TBCG.L , Georgia's
largest retail bank, reported a 23.7 percent jump in quarterly
net earnings on Thursday, as it grew its loan book on the back
of strong economic growth in the country.
    TBC, which offers retail, corporate and small and
medium-sized enterprise (SME) banking across the country, said
net profit rose to 107.4 million laris ($40.5 million), in the
three months ended Sept. 30, from 86.8 million laris a year
earlier.
    Net interest margin, a key indicator of a bank's financial
strength, rose to 6.9 percent during the quarter from 6.2
percent reported a last year.  urn:newsml:reuters.com:*:nRSO4488Ha
    ($1 = 2.6550 laris)

 (Reporting by Muvija M and Noor Zainab Hussain in Bengaluru
Editing by Saumyadeb Chakrabarty)
 ((Muvija.M@thomsonreuters.com; within U.S. +1 646 223 8780,
outside U.S. +91 80 6749 3638; Reuters Messaging:
muvija.m.thomsonreuters.com@reuters.net))
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