Declared Dividend • Jun 25
Dividend of GEL1.75 announced Shareholders will receive a dividend of GEL1.75. Ex-date: 13th August 2026 Payment date: 11th September 2026 Dividend yield will be 7.9%, which is higher than the industry average of 4.8%. Sustainability & Growth Dividend is well covered by earnings (35% payout ratio) and is expected to be well covered in 3 years' time (37% forecast payout ratio). The dividend has increased by an average of 23% per year over the past 9 years and payments have been stable during that time. EPS is expected to grow by 47% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Board Change • May 20
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 8 experienced directors. 1 highly experienced director. Independent Non-Executive Director Monica Kalia was the last director to join the board, commencing their role in 2025. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • May 11
Tbc Bank Group plc Announces Group Chief Financial Officer Changes TBC Bank Group PLC announced the appointment of Guy Stevens as Group Chief Financial Officer, effective July 13, 2026. Guy brings almost 30 years of corporate finance experience in the financial institutions sector. He has held senior roles at UBS Investment Bank, Deloitte Corporate Finance and Keefe, Bruyette & Woods, advising banks and other financial services companies across EMEA on a wide range of strategic and capital markets transactions. He has longstanding familiarity with TBC Bank, including acting as Joint Global Coordinator on TBC Bank's initial public offering in 2014. The company announced that the current Group Chief Financial Officer, Giorgi Megrelishvili, will step down from his role and leave TBC Group with effect from August 1, 2026. Announcement • May 08
Tbc Bank Group plc Declares Dividend for First Quarter 2026, Payable on 11 September 2026 The Board of Directors of TBC Bank Group PLC ("TBC PLC") has declared a first quarter 2026 quarterly dividend of GEL 1.75 per TBC PLC share (the "1Q 2026 Dividend"). The First Quarter 2026 Dividend will be payable in Pounds Sterling to ordinary shareholders of TBC PLC on the register of members at the close of business on the record date of 14 August 2026, pursuant to the following timetable: Ex-Dividend Date: 13 August 2026; Currency Conversion Date: 21 August 2026. Payment Date: 11 September 2026. Announcement • Apr 17
TBC Bank Group PLC, Annual General Meeting, May 19, 2026 TBC Bank Group PLC, Annual General Meeting, May 19, 2026. Location: the offices of baker mckenzie, 280 bishopsgate, ec2m 4ag, london United Kingdom Announcement • Feb 20
Tbc Bank Group plc Recommends Final Dividend for the Year 2025, Payable on 22 June 2026 The Board of Directors of TBC Bank Group PLC ("TBC PLC"), subject to shareholders' approval, is recommending a final dividend for the year 2025 of GEL 3.87 per TBC PLC share (the "Final Dividend"). If approved, the Final Dividend will be paid on 22 June 2026 to shareholders who are on the register of members at 6:00 PM (BST) on the record date of 22 May 2026, in accordance with the following timetable: Ex-Dividend Date: 21 May 2026. Record Date is 22 May 2026. Currency Conversion Date is 5 June 2026. Payment Date is 22 June 2026. Upcoming Dividend • Jan 01
Upcoming dividend of GEL1.75 per share Eligible shareholders must have bought the stock before 08 January 2026. Payment date: 10 February 2026. Payout ratio is a comfortable 54% but the company is not cash flow positive. Trailing yield: 4.7%. Within top quartile of German dividend payers (4.3%). In line with average of industry peers (4.4%). Announcement • Nov 08
TBC Bank Group PLC Declares Dividend for the Third Quarter of 2025, Payable on 10 February 2026 The Board of Directors of TBC Bank Group PLC declared a third quarter 2025 quarterly dividend of GEL 1.75 per share. The Dividend will be payable in Pounds Sterling to ordinary shareholders of TBC PLC on the register of members at the close of business on the record date of 9 January 2026, pursuant to the following timetable: Ex-Dividend Date: 8 January 2026. Record Date: 9 January 2026. Payment Date: 10 February 2026. Announcement • Oct 13
TBC Bank Group PLC Announces Board and Committee Changes, with the Effect of 1 November 2025 TBC Bank Group PLC announced the appointment of Monica Kalia as an Independent Non-Executive Director with the effect of November 1, 2025. Ms. Kalia brings a strong blend of financial, technological, strategic, and governance expertise, developed through senior executive and non-executive positions at leading institutions including Goldman Sachs, Credit Suisse, the Money and Pensions Service, and LifeSight Ltd. She has extensive hands-on leadership experience in fintech innovation, digital transformation, and data-driven business models, complemented by deep knowledge of regulatory compliance and risk management. Following her appointment, Committees composition shall change as follows with the effect of November 1, 2025: Audit, Risk, CGN, HR & RemCo, ESG & Ethics, Tech & Data, SID, and EA. The committee members include Arne Berggren, Janet Heckman, Eran Klein, Rajeev Sawhney, Monica Kalia, Tsira Kemularia, Venera Suknidze, Per Anders Fasth, and Thymios Kyriakopoulos, with their respective roles as Chair, Member, Senior Independent Director, and Employee Ambassador. Announcement • Aug 21
TBC Bank Group PLC (LSE:TBCG) and Titan Investments agreed to acquire OLX Uzbekistan from OLX B.V. TBC Bank Group PLC (LSE:TBCG) and Titan Investments agreed to acquire OLX Uzbekistan from OLX B.V. on August 21, 2025. TBC Bank Group formed a joint venture (JV) with Titan Investments, an international investment holding company backed by top-tier international institutional investors, family offices and sovereign wealth funds from the Middle East. The JV acquires 100% of OLX Uzbekistan, with TBC Bank Group owning 50% + 1 share and Titan Investments owning the remaining stake.
TBC Bank Group plans to consolidate OLX Uzbekistan, already growing profitably, into TBC Uzbekistan ecosystem. OLX Uzbekistan will continue to operate under its established brand.
The transaction is subject to standard regulatory approvals.
TBC Capital Ltd. is acting as the sole M&A advisor to TBC Bank Group on this transaction. Announcement • Aug 09
TBC Bank Group PLC (LSE:TBCG) announces an Equity Buyback for GEL 75 million worth of its shares. TBC Bank Group PLC (LSE:TBCG) announces a share repurchase program. Under the program, the company will repurchase up to GEL 75 million. Announcement • Aug 08
Tbc Bank Group plc Declares Second Quarter 2025 Dividend, Payable on November 21, 2025 The Board of Directors of TBC Bank Group PLC has declared a second quarter 2025 quarterly dividend of GEL 1.75 per TBC PLC share (the "2Q 2025 Dividend"). The Second Quarter 2025 Dividend will be payable in Pounds Sterling to ordinary shareholders of TBC PLC on the register of members at the close of business on the record date of 24 October 2025, pursuant to the following timetable: Ex-Dividend Date: 23 October 2025; Record Date: 24 October 2025; Currency Conversion Date: 31 October 2025 and Payment Date: 21 November 2025. Announcement • May 09
TBC Bank Group PLC Declares Dividend for the First Quarter of 2025, Payable on 5 September 2025 The Board of Directors of TBC Bank Group PLC ("TBC PLC") has declared a first quarter 2025 quarterly dividend of GEL 1.5 per TBC PLC share (the "1Q 2025 Dividend"). The First Quarter 2025 Dividend will be payable in Pounds Sterling to ordinary shareholders of TBC PLC on the register of members at the close of business on the record date of 15 August 2025; Ex-Dividend Date: 14 August 2025; Payment Date: 5 September 2025. Announcement • Apr 15
TBC Bank Group PLC, Annual General Meeting, May 20, 2025 TBC Bank Group PLC, Annual General Meeting, May 20, 2025. Location: the offices of baker mckenzie, 280 bishopsgate, ec2m 4ag, london United Kingdom Announcement • Feb 13
TBC Bank Group PLC Announces Board Committee Changes TBC Bank Group PLC announced that, it has appointed Rajeev Sawhney, an Independent Non-Executive Director of TBC PLC, as a member of the Human Resources and Remuneration Committee, with immediate effect. Per Anders Fasth, an Independent Non-Executive Director of TBC PLC, has been appointed as a member of the Corporate Governance and Nomination Committee, with immediate effect. Nino Suknidze, an Independent Non-Executive Director of TBC PLC, has been appointed as a member of the ESG and Ethics Committee, with immediate effect.Rajeev Sawhney has stepped down from his role as member of the Corporate Governance and Nomination Committee, with immediate effect. Per Anders Fasth has stepped down from his role as member of the Human Resources and Remuneration Committee, with immediate effect. Announcement • Feb 12
Tbc Bank Group plc Recommends Final Dividend for the Year 2024, Payable on 11 July 2025 TBC Bank Group PLC announced that subject to shareholders' approval, the company is recommending a final dividend for the year 2024 of GEL 5.55 per TBC PLC share. If approved, the Final Dividend will be paid on 11 July 2025 to shareholders who are on the register of members at 6:00 PM (BST) on the record date of 6 June 2025. Ex-dividend Date is 5 June 2025. Announcement • Jan 13
TBC Bank Group PLC to Report Q4, 2024 Results on Feb 12, 2025 TBC Bank Group PLC announced that they will report Q4, 2024 results at 7:00 AM, Coordinated Universal Time on Feb 12, 2025 Reported Earnings • Nov 08
Third quarter 2024 earnings released: EPS: GEL6.17 (vs GEL5.54 in 3Q 2023) Third quarter 2024 results: EPS: GEL6.17 (up from GEL5.54 in 3Q 2023). Revenue: GEL698.4m (up 23% from 3Q 2023). Net income: GEL339.9m (up 14% from 3Q 2023). Profit margin: 49% (down from 53% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Banks industry in Europe. Announcement • Oct 15
TBC Bank Group PLC to Report Q3, 2024 Results on Nov 06, 2024 TBC Bank Group PLC announced that they will report Q3, 2024 results at 7:00 AM, Coordinated Universal Time on Nov 06, 2024 Announcement • Sep 26
TBC Bank Group PLC Appoints Giorgi Giguashvili as Company Secretary, Effective October 1, 2024 TBC Bank Group PLC appointed Giorgi Giguashvili as Company Secretary effective from October 1, 2024. The Board is confident that Mr. Giguashvili possesses the requisite knowledge and experience to effectively discharge the functions of the Company Secretary in compliance with the UK Companies Act. He brings extensive in-house experience as Company Secretary at TBC Bank Group PLC and a robust academic background, having taught and conducted research internationally in the field of corporate governance for over five years. Mr. Giguashvili holds a PhD degree in law from Tbilisi State University, also an MSc in Financial and Commercial Regulation from the London School of Economics and Political Science and has successfully completed the Chartered Governance Professional qualification program of the Chartered Governance Institute UK & Ireland. Upcoming Dividend • Sep 26
Upcoming dividend of GEL2.55 per share Eligible shareholders must have bought the stock before 03 October 2024. Payment date: 11 November 2024. Payout ratio is a comfortable 33% but the company is not cash flow positive. Trailing yield: 7.5%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (6.4%). New Risk • Aug 21
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.3% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (2.3% increase in shares outstanding). Reported Earnings • Aug 11
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: GEL646.2m (up 17% from 2Q 2023). Net income: GEL324.6m (up 12% from 2Q 2023). Profit margin: 50% (down from 52% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Banks industry in Europe. Announcement • Aug 09
TBC Bank Group PLC Declares an Interim Dividend, Payable on 11 November 2024 The Board of Directors of TBC Bank Group PLC has declared an interim dividend of GEL 2.55 per TBC PLC share. Ex-Dividend Date: 3 October 2024, Record Date: 4 October 2024, Currency Conversion Date: 11 October 2024, Payment Date: 11 November 2024. Announcement • Jul 29
TBC Bank Group PLC to Report Q2, 2024 Results on Aug 09, 2024 TBC Bank Group PLC announced that they will report Q2, 2024 results at 6:00 AM, Coordinated Universal Time on Aug 09, 2024 Announcement • Jul 12
TBC Bank Group PLC announced that it has received $38.2 million in funding from TBC Bank Uzbekistan, European Bank for Reconstruction and Development, International Finance Corporation TBC Bank Uzbekistan announced a private placement to issue common shares for the gross proceeds of $38.2 million on July 11, 2024. The transaction was led by new investor TBC Bank Group for $23 million while returning shareholders European Bank for Reconstruction and Development (EBRD) for $7.6 million and World Bank’s International Finance Corporation for $7.6 million. Reported Earnings • May 10
First quarter 2024 earnings released First quarter 2024 results: Revenue: GEL573.3m (up 20% from 1Q 2023). Net income: GEL292.8m (up 18% from 1Q 2023). Profit margin: 51% (in line with 1Q 2023). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Banks industry in Europe. Valuation Update With 7 Day Price Move • May 09
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €33.60, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 8x in the Banks industry in Europe. Simply Wall St's valuation model estimates the intrinsic value at €63.48 per share. Announcement • Apr 28
TBC Bank Group PLC to Report Q1, 2024 Results on May 10, 2024 TBC Bank Group PLC announced that they will report Q1, 2024 results at 6:00 AM, Coordinated Universal Time on May 10, 2024 Announcement • Apr 17
TBC Bank Group PLC, Annual General Meeting, May 21, 2024 TBC Bank Group PLC, Annual General Meeting, May 21, 2024, at 09:00 Coordinated Universal Time. Location: Baker McKenzie, 280 Bishopsgate London United Kingdom Reported Earnings • Feb 18
Full year 2023 earnings released Full year 2023 results: Revenue: GEL2.20b (up 13% from FY 2022). Net income: GEL1.12b (up 13% from FY 2022). Profit margin: 51% (in line with FY 2022). Net interest margin (NIM): 6.70% (up from 6.00% in FY 2022). Cost-to-income ratio: 36.2% (up from 33.4% in FY 2022). Non-performing loans: 1.96% (down from 2.24% in FY 2022). Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 2.3% growth forecast for the Banks industry in Europe. Announcement • Feb 16
Tbc Bank Group plc Recommends Final Dividend for 2023, Payable on 19 July 2024 TBC Bank Group PLC announced that subject to shareholders' approval, the company is recommending a final dividend for the year 2023 of GEL 4.67 per TBC PLC share. If approved, the Final Dividend will be paid on 19 July 2024 to shareholders who are on the register of members at 6:00 PM (BST) on the record date of 14 June 2024. Ex-dividend Date is 13 June 2024. Announcement • Feb 14
TBC Bank Group PLC Announces Board Committee Changes, Effective from 15 February 2024 TBC Bank Group PLC announced that, effective from 15 February 2024, it has appointed Tsira Kemularia, an Independent Non-Executive Director of TBC PLC, as a member of the Corporate Governance and Nomination Committee. Tsira Kemularia has stepped down from her role as member of the ESG and Ethics Committee effective from 15 February 2024. Announcement • Jan 26
TBC Bank Group PLC to Report Q4, 2023 Results on Feb 16, 2024 TBC Bank Group PLC announced that they will report Q4, 2023 results at 7:00 AM, Coordinated Universal Time on Feb 16, 2024 Board Change • Jan 02
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Janet Heckman was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • May 24
TBC Bank Group PLC (LSE:TBCG) signed a Sales and Purchase Agreement to acquire remaining 49% stake in LLC Inspired for $55.7 million. TBC Bank Group PLC (LSE:TBCG) signed a Sales and Purchase Agreement to acquire remaining 49% stake in LLC Inspired for $55.7 million on May 23, 2023. Following the acquisition of the minority share of Payme, TBC PLC has become the 100% shareholder of Payme. The consideration to be paid for the 49% stake is USD 55.7 million and will be satisfied in cash within 10 banking days from the date of the completion. 
