TBC Bank Group PLC (TBCCF) Q3 2025 Earnings Call Transcript

Operator: Hello, everyone, and welcome to today’s TBC Third Quarter and 9 Months 2025 IFRS Results Conference Call. My name is Sam, and I’ll be the call moderator today. [Operator Instructions]

I’d now like to hand you over to today’s host, Andrew Keeley, Director of Investor Relations, to begin. So Andrew, please go ahead.

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**Andrew Keeley
Director of Investor Relations**

Thank you very much, Sam. And welcome, everybody, to our third quarter results call.

I’m joined on today’s call by Vakhtang Butskhrikidze, our CEO; Giorgi Megrelishvili, our CFO; and Oliver Hughes, our Head of International.

As usual, we’ll have a presentation, followed by a Q&A session afterwards.

With that, I’ll hand over to Vakhtang. Thank you.

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**Vakhtang Butskhrikidze
CEO & Executive Director**

Thank you, Andrew.

Hello, everyone, and thank you for joining us today. I am pleased to present another highly profitable quarter with record quarterly earnings.

As you can see, our group’s net profit in the third quarter reached GEL 368 million, up by 6% year-on-year, while return on equity was 24.4%. Our revenue growth was also very respectable, with a 7% year-on-year increase.

In Georgia, we had a strong and stable quarter with return on equity exceeding 24%, 9% growth in our loan book, and a net interest margin reaching 6%.

Over the same period, Uzbekistan’s net profit was GEL 41 million, up by 30% year-on-year, with return on equity exceeding 23%. Additionally, the loan book has almost doubled year-on-year to close to $1 billion.
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