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TBC Bank Group PLC on Friday said a positive final quarter of 2025 helped it reach strong full-year results, allowing for a double-digit increase in its annual dividend. TBC Bank is a London-registered, Tbilisi-based lender in Georgia and Uzbekistan. Pretax profit was ₾1.67 billion in 2025, up 8.4% from ₾1.54 billion in 2024, as total income before credit loss provisions and expenses rose 20% to ₾3.39 billion from ₾2.83 billion. Within that, net interest income was ₾2.35 billion in 2025, up 24% from ₾1.90 billion in 2024. Net profit was ₾1.42 billion last year, up 8.6% from ₾1.31 billion in 2024. In the fourth quarter alone, pretax profit grew by 12% to ₾477.8 million from ₾368.3 million in third quarter and was up 12% from ₾392.4 million a year before, while net profit grew by 5.1% to ₾387.2 million from ₾368.2 million in the third quarter and by 16% from ₾334.6 million a year before. Total income was ₾900.9 million in the fourth quarter, up 2.4% from ₾880.2 million in the third and 15% from ₾783.7 million a year before. Net interest income was ₾325.9 million in the fourth quarter, up 2.4% from ₾611.5 million in the third quarter and up 23% from ₾507.7 million a year before. TBC Bank declared a final dividend of ₾3.87 per share for a total dividend for 2025 of ₾8.87 per share, up 10% from 2024 and representing a payout ratio of 35%. TBC also carried out a ₾75 million share buyback programme last year. The company said it scaled up its business in Uzbekistan last year, said it’s well positioned into 2026. Chief Executive Officer Vakhtang Butskhrikidze said: ‘I firmly believe that the group is in excellent shape to continue delivering long-term value for our shareholders. Our market leading Georgian franchise is gaining good traction in building up its retail customer base, whilst remaining the dominant player in corporate and investment banking and affluent retail, and we expect it to remain a core engine of group earnings. ‘We also see great potential in Uzbekistan, where we will continue to launch new product verticals and scale up...in 2026.’ TBC Bank shares were up 4.7% to 4,500.84 pence each midday Friday in London. Copyright 2026 Alliance News Ltd. All Rights Reserved.
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