Slide 1: 2Q and 1H 2026 Results
Call presentation 2Q and 1H 2026 Results Unaudited IFRS consolidated figures
Slide 2: Disclaimer
Disclaimer By attending the meeting where this presentation is made, or by reading this document, Presentation to reflect actual results, changes in assumptions or changes in factors you agree to be bound by the conditions set out below. The information, statements and affecting those statements. op
Slide 3: 2Q 2026 Group highlights
2Q 2026 Group highlights Net profit Maintaining solid Operating income +10% YoY revenue trajectory driven by 13% increase in net interest income Lending volumes Loans +12% YoY 1 GEL 386 mln +12% YoY led by strong growth in GFS retail, while Uzbek loan remain robust book has stabilised and is startin
Slide 4: How TBC's business is split
Uzbekistan Georgia How TBC’s business is split (2Q 2026) Gross loans (GEL mln) Total o perating income 1 (GEL mln ) Net profit 1 (GEL mln ) 7% 5% 18% 82% 93% 95% Georgia Uzbekistan (1) Percentage splits are calculated based on Georgia and Uzbekistan only and exclude other subsidiaries and intra -gro
Slide 5: TBC Georgia
TBC Georgia
Slide 6: Georgia's economic growth remains robust in 1H 2026
Georgia’s economic growth remains robust in 1H 2026 Real GDP growth (%) Annual CPI inflation and monetary policy rate (%, EOP) 10.6 11.0 9.7 7.8 7.5 7.9 7.4 5.0 8.25 8.25 5.8 5.9 Sep-20 Dec-20 Sep-21 Dec-21 Sep-22 Dec-22 Jun-23 Sep-23 Dec-23 Sep-24 Dec-24 Sep-25 Dec-25 Sep-26 Dec-26 Mar-21 Mar-22 Ma
Slide 7: Loans & deposits up by ~15%, led by retail lending and CIB
Loans & deposits up by ~15%, led by retail lending and CIB Retail gross loans (GEL bln )2 Market 37 % 37 % shares 1 Loans Deposits +18% Total retail gross loan 2 portfolio growth YoY Gross loans +12% CIB Retail +36 % 6.7 7.5 41% 37% GEL 29.0 bln 2.4 3.2 + 14% YoY Unsecured consumer loans Mortgages a
Slide 8: TBC mobile app wins Best Digital Bank 2026 in Georgia
Digital users (thousands) TBC mobile app wins Best Digital Bank 2026 in 47% 46% 47% 49% 50% Georgia award from Euromoney 1,301 1,318 1,372 1,154 1,196 613 647 686 545 555 Daily banking Savings Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 Digital MAU Digital DAU DAU/MAU Share of unsecured consumer loans and re
Slide 9: Strengthening leadership in our award-winning retail banking business
Strengthening leadership in our award -winning retail banking business Best Bank for Customer Experience 2026 in CEE region Euromoney AI in Consumer Banking Awards 2026 in CEE region Most Innovative Use of AI in Consumer Sandro Rtveladze appointed as Lending and Credit Risk Deputy CEO, Retail Bankin
Slide 10: TBC Uzbekistan
TBC Uzbekistan
Slide 11: Uzbekistan's economy maintains strong growth momentum
Uzbekistan’s economy maintains strong growth momentum Real GDP growth (%) Annual CPI inflation and monetary policy rate (%, EOP) 8.2 8.5 8.2 7.7 5.0 6.7 6.1 6.3 14.0 13.5 6.4 6.2 1.6 Dec-25 Sep-20 Dec-20 Sep-21 Dec-21 Mar-22 Sep-22 Dec-22 Sep-23 Dec-23 Sep-24 Dec-24 Sep-25 Sep-26 Dec-26 Mar-21 Mar-2
Slide 12: Strong growth dynamics across our verticals
Strong growth dynamics across our verticals Salom card (‘000, cumulative) Payments total value (USD bln ) 12.4 16.5 20 .2 20 .8 23 .6 82 % 5% +54% Activation rate Of total TBC Uzbekistan +23% deposit portfolio 1,218 3.2 1,083 2.8 2.6 951 2.4 2.1 735 533 2Q 2025 3Q 2025 4Q 2025 1Q 2026 2Q 2026 2Q 202
Slide 13: Loan book has stabilised and is starting to return to growth
Loan book has stabilised and is starting to return to growth Gross loans (GEL mln ) Deposits (GEL mln ) -6% +8% +0.4% -7% 2,636 2,550 USD 872 USD 548 2,464 1,561 2,297 GEL 2,306 1,467 1,480 GEL 1,451 1,340 Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 Gross loans split per IF
Slide 14: Recent business developments
Recent business developments Central Asia’s and Uzbekistan's Best Digital Bank 2026 Auto loans Business Banking TBC Group completes • Launched in July • Launched SME secured loans acquisition of majority stake in OLX Uzbekistan This deal expands our customer reach, unlocking additional synergies tha
Slide 15: 2Q and 1H 2026 Group Financial Results
2Q and 1H 2026 Group Financial Results
Slide 16: Strong profitability with 23.6% ROE and 12% net profit growth
Strong profitability with 23.6% ROE and 12% net profit growth Net profit (GEL mln ) ROE +12% -0.7pp +13% +6% -0.2pp +0.2pp 23.7% 24.3% 23.4% 23.6% 23.5% 751 665 346 365 386 1H 2025 1H 2026 2Q 2025 1Q 2026 2Q 2026 1H 2025 1H 2026 2Q 2025 1Q 2026 2Q 2026 16 Source: IFRS Group Data
Slide 17: Operating income up by 10% YoY, NIM increases ~10 bps QoQ
Operating income up by 10% YoY, NIM increases ~10 bps QoQ Total operating income (GEL mln ) NIM +10% 5.7 % 23.7 % 6.2% 17.1% 5.9 % 22 .9% 6 .2% 17.1% 6.3 % 17.2% +10% +7% +0.0pp +0.2pp +0.1 pp 1,777 1,609 495 494 859 917 835 234 261 +3% YoY 253 6.9% 7.1% 7.1% 7.0% 7.1% 1,281 1,115 625 656 +13% YoY 5
Slide 18: Focus on efficiency drives lower cost/income ratio
Focus on efficiency drives lower cost/income ratio Total operating expenses (GEL mln ) Cost to income +12% +0.7pp +16% +2% +1.8pp -1.9pp 697 602 325 294 39.2% 40.2% 37.4% 37.6% 38.3% 346 351 314 162 163 +8% YoY 151 372 308 188 +15% YoY 163 184 1H 2025 1H 2026 2Q 2025 1Q 2026 2Q 2026 1H 2025 1H 2026
Slide 19: Stable asset quality in Georgia, while Uzbekistan reflects seasoning
Stable asset quality in Georgia, while Uzbekistan performance reflects seasoning of older vintages, loan book contraction and write -off change NPLs /G ross loans Cost of risk 2.4% 4.1% 2.5 % 4.7 % 2.5 % 5.8% 2.7% 6.7 % 2.7% 10.6% 1 0.8 % 10.2 % 0.7 % 10.9% 0.8% 9 .9% 0.6% 10.2% 0.7 % 11.8% +0.0pp +
Slide 20: Strong QoQ growth in both loans and deposits
Strong QoQ growth in both loans and deposits Gross loans portfolio (GEL bln ) Gross loans breakdown (30 June 2026) +10%/+12% 1 +3%/+4% 1 CIB Georgia Retail 38% 34% Georgia GEL 31.3 bln 30.5 31.3 28.5 7% 2% 19% Uzbekistan MSME Other Georgia 30-Jun-25 31-Mar-26 30-Jun-26 Georgia 2 Customer deposits po
Slide 21: Retaining material capital buffers
Retaining material capital buffers GEORGIA UZBEKISTAN 22.2% 22.1% 19.8% 19.1% 19.1% 16.7% 20.3% 17.3% 15.1% 12.0% 10.0% 8.5% CET1 Tier1 Total CET1 Tier1 Total Min. requirements Min. requirements 21 As of 30 June 2026 Capital adequacy ratios are calculated for the Bank only
Slide 22: Strong capital position and high profit generation enable stable 2Q DPS
Strong capital position and high profit generation enable stable 2Q DPS Total dividend and share buyback (GEL mln ) Total DPS (GEL) +25% CAGR 25% 30% 35% 35% 35% 39% 35 % 40 % 8.87 564 3.87 Final 499 75 50 393 348 8.10 1.75 3.50 50 7.22 3Q 489 449 200 192 5.45 1.75 1.75 2Q 298 3.66 2Q 1.5 1.75 1Q 1Q
Slide 23: Key takeaways
Key takeaways Maintaining strong growth and profitability in 1H 2026 with 23.5% ROE – on track for our 2026 -28 financial targets Strong customer acquisition and engagement in Georgia help drive mid -teen loan and deposit growth Ongoing business recalibration in Uzbekistan as loan book stabilizes an
Slide 24: Appendix
Appendix | _
Slide 25: Group: profit and loss statement
Group: profit and loss statement Change Change Change GEL mln 2Q 2026 1Q 2026 2Q 2025 YoY QoQ 1H 2026 1H 2025 YoY Net interest income 656 625 582 13% 5% 1,281 1,115 15% Net fee and commission income 154 135 156 -1% 14% 290 304 -5% Other operating non -interest income 107 99 97 10% 8% 206 190 8% Tota
Slide 26: Group: key ratios
Group: key ratios 2Q 2026 1H 2026 Georgia Uzbekistan Group Georgia Uzbekistan Group ROE 1 24.3% 10.3% 23.6% 24.2% 10.6% 23.5% ROA 2 3.7% 2.4% 3.4% 3.7% 2.4% 3.4% Cost to income 3 33.2% 50.6% 38.3% 33.6% 52.9% 39.2% Cost of risk 4 0.7% 11.8% 1.6% 0.7% 10.9% 1.5% NIM 5 6.3% 17.2% 7.1% 6.2% 17.1% 7.1%
Slide 27: JSC TBC Bank capital ratios evolution in 2Q 2026
JSC TBC Bank (Georgian standalone bank) capital ratios evolution in 2Q 2026 Minimum Buffer above Potential impact Business Currency Dividend 31 Mar 26 2Q26 profit Tier 1-Tier 2 30 Jun 26 Requirement min of a 10% GEL growth impact payment (30 Jun 2026) requirement devaluation CET 1 capital adequacy r
Slide 28: Uzbekistan regulatory change
Uzbekistan regulatory change New limits on retail loan composition In April 2025, the Central Bank of Uzbekistan introduced regulatory changes that will limit the respective share of microloan s, credit cards and car loans in bank’s credit portfolio each to 25%. This came into force from 24 July 202
Slide 29: Ratio definitions
Ratio definitions 1. Return on average total equity (ROE) equals profit attributable to owners divided by the monthly average of total shareholder s’ equity attributable to the PLC’s equity holders for the same period; annualised where applicable. 2. Return on average total assets (ROA) equals profi
Slide 30: Glossary
Glossary Terminology Definition CBU Central Bank of Uzbekistan DAU/MAU Average daily active digital users divided by monthly active digital users. DAU/MAU is calculated for the Bank internet and mobile banking only Digital daily active users (DAU) Monthly average number of individual digital users w
Slide 31: Contact Investor Relations
CONTAC T INVESTO R RELATIONS Andrew Keeley Anna Romelashvili Investor Relations Director of Investor Relations Head of Investor Relations Department E -mail: AKeeley@tbcbank.com.ge E -mail: ARomelashvili@tbcbank.com.ge E -mail: IR@tbcbank.com.ge Tel: +44 (0) 7791 569834 Tel: +(995 32) 227 27 27 Tel: