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TBCG - TBC Bank News Story

995p -19.0  -1.9%

Last Trade - 10:33am

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

Georgia's top retail lender TBC Bank H1 profit rises 25 pct

Mon 20th August, 2018 7:21am
Aug 20 (Reuters) - Georgia's TBC Bank Group Plc TBCG.L posted a 25.2 percent rise in half-year pretax profit on Monday, as lending grew on the back of a strong macroeconomic performance in the former Soviet republic. TBC, which has emerged as the country's largest bank by loans and deposits with the takeover of Bank Republic, said pretax profit rose to 239.5 million laris ($94.3 million) for the six months ended June 30, from 191.4 million laris a year earlier. urn:newsml:reuters.com:*:nRST2606Ya "We will also consider entering other markets to further increase our banking operations beyond Georgia," the London-listed bank said in a statement. ($1 = 2.5400 laris) <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ Georgia's biggest banks operate under improving economic conditions https://tmsnrt.rs/2MLVmTs ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^> (Reporting by Muvija M in Bengaluru; Editing by Gopakumar Warrier) ((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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