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Financial Highlights

3Q 2018 P&L Highlights

  • Net profit amounted to GEL 107.4 million (3Q 2017: GEL 86.8 million; 2Q 2018: GEL 102.4 million)
  • Return on equity (ROE) amounted to 21.2% (3Q 2017: 19.8%; 2Q 2018: 21.3%)
  • Return on assets (ROA) amounted to 3.1% (3Q 2017: 2.9%; 2Q 2018: 3.2%)
  • Total operating income amounted to GEL 278.1 million, up by 34.3% YoY and up by 7.6% QoQ
  • Cost to income was 37.4% (3Q 2017: 40.5%; 2Q 2018: 35.6%)
  • Cost of risk stood at 1.9% (3Q 2017: 1.3%; 2Q 2018: 1.8%)
  • FX adjusted cost of risk stood at 1.5% (3Q 2017 1.2%; 2Q 2018: 1.7%)
  • Net interest margin (NIM)stood at 6.9% (3Q 2017: 6.2%; 2Q 2018: 7.1%)
  • Risk adjusted net interest margin (NIM) stood at 5.4% (3Q 2017: 5.0%; 2Q 2018: 5.5%)

9M 2018 P&L Highlights

  • Net profit amounted to GEL 307.3 million (9M 2017: GEL 263.2 million)
  • Return on equity (ROE) amounted to of 21.2% (9M 2017: 20.9%)
  • Return on assets (ROA) was 3.1% (9M 2017: 3.2%)
  • Total operating income for the period was up by 25.5% YoY to GEL 775.2 million
  • Cost to income stood at 37.0% (9M 2017: 42.1%)
  • Cost of risk on loans stood at 1.7% (9M 2017: 1.2%)
  • Net interest margin (NIM) stood at 7.0% (9M 2017: 6.5%)
  • Risk adjusted net interest margin (NIM) stood at 5.3% (9M 2017: 5.1%)

Balance Sheet Highlights as of 30 September 2018

  • Total assets amounted to GEL 14,424.0 million as of 30 September 2018, up by 18.8% YoY and up by 6.2% QoQ
  • Gross loans and advances to customers stood at GEL 9,622.6 million as of 30 September 2018, up by 23.9% YoY and up by 8.2% QoQ
  • Net loans to deposits + IFI funding stood at 88.0% and Net Stable Funding Ratio (NSFR) stood at 118.0%
  • NPLs were 3.1%, down by 0.4pp YoY and unchanged QoQ
  • NPLs coverage ratios stood at 113.2%, or 209.0% with collateral, on 30 September 2018 compared, to 80.5% or 206.8% with collateral, as of 30 September 20171 and 116.1%, or 216.1% with collateral on 30 June 2018
  • Total customer deposits amounted to GEL 8,740 million as of 30 September 2018, up by 23.2% YoY and up by 10.2% QoQ
  • As of 30 September 2018, the Bank's Basel III Tier 1 and Total Capital Adequacy Ratios per NBG methodology stood at 12.8% and 16.4% respectively, while minimum requirements amounted to 10.3% and 15.8%

Market Shares2

  • Market share in total assets reached 37.2% as of 30 September 2018, up by 0.7pp YoY and up by 0.1pp QoQ
  • Market share in total loans was 38.4% as of 30 September 2018, up by 0.2pp YoY and up by 0.1pp QoQ
  • In terms of individual loans, TBC Bank had a market share of 39.9% as of 30 September 2018, down by 0.6pp YoY and up by 0.1pp QoQ. The market share for legal entity loans was 36.6%, up by 1.0pp YoY and up by 0.1pp QoQ
  • Market share of total deposits reached 40.3% as of 30 September 2018, up by 1.7pp YoY and up by 0.8pp QoQ
  • Market share of individual deposits attained to 41.1%, up by 0.2pp YoY and down by 0.1pp QoQ. In terms of legal entity deposits, TBC Bank holds a market share of 39.4%, up by 3.5pp YoY and up by 1.9pp QoQ

1 30 September 2017 ratios are calculated per IAS 39

2 Market share are based on data from National Bank of Georgia (NBG). The NBG includes interbank loans for calculating market share in loans

Additional Information Disclosure

The following materials in connection with TBC PLC's financial results are disclosed on our Investor Relations website on http://tbcbankgroup.com/ under Results Announcement section:

  • Q3 2018 Results Report
  • Q3 2018 Results Call Presentation

For further enquiries, please contact:

Director of International Media and Investor Relations

Head of Investor Relations

Zoltan Szalai

Anna Romelashvili

ir@tbcbank.com.ge

ir@tbcbank.com.ge

About TBC Bank Group PLC ('TBC PLC')

TBC PLC is a public limited company registered in England and Wales that was incorporated in February 2016. TBC PLC became the parent company of JSC TBC Bank ('TBC Bank') on 10 August 2016. TBC PLC is listed on the London Stock Exchange under the symbol TBCG.

TBC Bank, together with its subsidiaries, is the leading universal banking group in Georgia, with a total market share of 38.4% of loans and 40.3% of non-banking deposits as at 30 September 2018, according to data published by the National Bank of Georgia.

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Disclaimer

TBC Bank Group plc published this content on 15 November 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 15 November 2018 07:23:06 UTC