TBC Bank Group PLC (CHIX:TBCGl)
£ 49.2 +0.25 (+0.51%) Market Cap: 2.74 Bil Enterprise Value: 1.91 Bil PE Ratio: 7.66 PB Ratio: 1.82 GF Score: 80/100
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Q4 2024 TBC Bank Group PLC Earnings Call Transcript

Feb 12, 2025 / 02:00 PM GMT
Release Date Price: £39.88 (+7.62%)

Key Points

Positve
  • TBC Bank Group PLC (TBCCF) reported a strong net profit of 335 million lari for Q4 2024, marking a 15% year-on-year increase.
  • The company maintained a high return on equity of 24.1% in the final quarter, supported by solid loan growth.
  • The Uzbekistan business experienced rapid expansion, with record earnings and a significant increase in the loan book.
  • The board recommended a final dividend of 5.55 lari per share, bringing the total dividend for the year to 8.10 lari, a 2% increase from the previous year.
  • Digital engagement in Georgia improved, with digital monthly active users surpassing 1 million, indicating successful digital transformation efforts.
Negative
  • Economic growth in Georgia is expected to slow down, with TBC Bank's in-house team forecasting GDP growth below the levels predicted by international organizations.
  • Inflation in Uzbekistan remains high at 9.8%, which could pose challenges for the business environment.
  • The cost-to-income ratio increased to 37.9% in 2024, reflecting higher operational expenses.
  • There was a noted increase in dollarization during the election period in Georgia, which could impact financial stability.
  • The company anticipates a lower percentage increase in lending growth in Uzbekistan for 2025 due to a higher starting point.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

TBCG.L - TBC Bank Group PLC
Q4 2024 TBC Bank Group PLC Earnings Call
Feb 12, 2025 / 02:00PM GMT

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Presentation
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Unidentified_1 [1]
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Hello everyone, and a warm welcome to TBC Bank's 4th quarter and full year 2024 results conference call. My name is Emily and I'll be coordinating your call today.

After the presentation, you will have the opportunity to ask any questions, which you can either do so by raising your hand or by typing any questions into the Q&A chatbox if you have joined us on Zoom. Alternatively, if you are dialed into today's call on the telephone lines, please press start, followed by the number one on your telephone keypad to ask a question.

I will now hand over to Andrew Keeley, director of investor relations to begin. Please go ahead, Andrew.

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