TBC Bank Group PLC

TBC Bank Group PLC reported a Q2 2026 net profit of GEL386 million, up 12% year-on-year, with a return on equity of 23.6% marking its 14th consecutive quarter above 23%. H1 2026 net profit reached GEL751 million, up 13% year-on-year, on a 23.5% return on equity, while total operating income rose 10% year-on-year in the quarter and net interest income climbed 13%, with Georgia net interest income up 19%. The group's cost-to-income ratio improved to 38.8% in Q2 2026, down almost 2 percentage points quarter-on-quarter, and the company declared a Q2 dividend of GEL1.75 per share, bringing H1 2026 total dividends to GEL3.5 per share, up 8% year-on-year. Group NPLs rose 0.3 percentage points to 3.3% on deterioration in Uzbekistan, where cost of risk is expected to rise to low mid-teens in Q3 2026 before improving from Q4, and group digital monthly active users fell 6% year-on-year to 7.2 million even as Georgia digital MAU rose 19%. Gross loans grew 12% year-on-year on a constant currency basis, with Georgia loans up 14% and Uzbekistan's book stabilizing and returning to growth, while customer deposits rose 15% year-on-year on a constant currency basis.

TBC Bank Group reported second-quarter net profit of GEL 386 million, up 12% year over year, with a return on equity of 23.6%. Operating income increased 10%, net interest income grew 13%, and the cost-income ratio improved to about 38%. Gross loans in Georgia rose 14%, unsecured consumer lending jumped 36%, and Georgian digital monthly active users climbed 19%. The board declared a GEL 1.75-per-share quarterly dividend, bringing first-half dividends to GEL 3.50 per share. In Uzbekistan, the loan portfolio grew 0.4% sequentially, nonperforming loans rose to 3.3%, and management expects cost of risk to increase in the third quarter. TBC also completed its acquisition of OLX, aiming to use the platform's more than 6.5 million monthly users for future loan and payment lead generation.

Nasdaq and the National Bank of Georgia have announced a landmark partnership to modernize treasury infrastructure across Georgia's banking sector, with five of the country's largest commercial banks adopting the Nasdaq Calypso platform under a shared, common infrastructure model. The five banks—Bank of Georgia, TBC Bank, Liberty Bank, Terabank, and Basisbank—collectively represent the majority of Georgia's commercial banking sector assets, which total nearly 38 billion dollars. The initiative operates under the Georgian Market Advancement Program and is coordinated with the Georgian Financial Markets Treasuries' Association, with project management funding provided by Japan through the Japan–EBRD Cooperation Fund. The platform will span the full front-to-back trade lifecycle and is designed to enhance risk management, regulatory oversight, and operational resilience while supporting Georgia's integration with international financial standards including ISO 20022.