TBC Bank Group PLC Q3 2025 Earnings Recap

TBC delivered a robust 6% year-on-year net profit growth to GEL 368 million in Q3 2025, marking a record quarterly performance, driven by strong returns in both Georgia and Uzbekistan.

Key Takeaways

• Return on equity stood at an impressive 24.4%, with Georgia’s return at over 24% and Uzbekistan’s exceeding 23%.
• Revenue rose by 7% year-on-year, supported by a 9% increase in gross loans in Georgia and a nearly doubled loan book in Uzbekistan.
• The digital ecosystem thrived, boasting nearly 22 million registered users and 1.2 million monthly active users in Georgia, indicating strong customer engagement.
• The Board declared a quarterly dividend of GEL 1.75 per share, totaling GEL 5 for the first nine months of 2025.
• Despite challenges in Uzbekistan impacting net profit guidance, the management remains optimistic about long-term growth potential.