Tbc Bank Group Plc · LSE:TBCG
Tbc Bank — Q1 2024 Earnings Presentation
64 slides from Tbc Bank's earnings presentation, May 2024
Slide 1: 1Q 2024 Results Call Presentation
1Q 2024 RESULTS CALL PRESENTATION Unaudited IFRS consolidated figures
Slide 2: Disclaimer
By attending the meeting where this presentation is made, or by reading this document, disseminate any updates or revisions to any forward-looking statements contained in you agree to be bound by the conditions set our below. The information, statements the Presentation to reflect actual results, ch
Slide 3: TBC Bank Group PLC overview
GEORGIA TBC Bank Group PLC UZBEKISTAN LSE premium-listed company and FTSE250 constituent building digitally-led financial services across geographies Georgian Financial Services 100% ownership 100% ownership 60%1 ownership 100% ownership Robust growth and market Uzbek fintech ecosystem Continuing to
Slide 4: Our decade as a public company
Our decade as a public company 1.3 1.9 2.3 3.3 4.5 5.9 27.0% 26.5% 1,20 0 24.9% 22.9% 26.0% 1,000 22.4% 22.0% Covid-19 20.9% 24.0% 20.1% pandemic impact 22.0% 18.4% 800 20 .0% 1,140 600 1,003 18.0% 400 322 809 16.0% 437 540 11.7% 14.0% 298 360 20 0 158 219 12.0 % - 10.0% 2014 2015 2016 2017 2018 201
Slide 5: ROE, net profit, gross loans and digital MAU
Net profit (GEL mln) ROE 296 255 25.2% 25.1% 1Q 2023 1Q 2024 1Q 2023 1Q 2024 Gross loans (GEL bln) Digital MAU (mln) 5.6 22.5 4.4 18.3 31-Mar-23 31-Mar-24 31-Mar-23 31-Mar-24 (1) Growth rate at constant currency 5 Source: IFRS Group Data
Slide 6: Leading Financial Services Group & Digital Ecosystem
Leading Financial Services Group & Digital Ecosystem
Slide 7: Georgia macroeconomic overview
Real GDP Growth Annual Inflation and monetary policy rate (%) 10.6 11.0 16 14 7.5 12 6.4 5.0 10 8.25 8.0 8 % 6 4 2.7 2 0.5 0 Feb-24 Aug-24 Jun-20 Jun-22 Dec-22 Jun-23 Dec-23 Jun-24 Feb-20 Dec-20 Jun-21 Dec-21 Dec-24 Aug-20 Feb-21 Apr-21 Feb-22 Feb-23 Apr-20 Oct-20 Apr-22 Aug-21 Oct-21 Aug-22 Apr-23
Slide 8: Leading bank by key metrics
1.6 mln Monthly active Banking business Other financial services customers TBC Insurance TBC Leasing The leading bank by all key metrics Largest retail non- Largest leasing health insurance 116 k provider company TBC Concept monthly active customers 39.1% 39.5% 38.6% 35.2% 87.3% 60% Total loans mark
Slide 9: Customers and digital users
Customers (mln) Digital users (thousands) 55% 55% 55% 57% 58% 44% 45% 44% 46% 44% 849 874 921 930 829 1.61 368 381 384 421 413 1.58 1.60 1.52 1.55 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Monthly active customers (MAC) Digital MAU penetration Digital MAU Digital DAU DAU/
Slide 10: TNET digital lifestyle ecosystem
TNET digital lifestyle ecosystem GMV1 growth (GEL mln) 14% 15% +19% LIFESTYLE HOUSING 36 30 1Q 2023 1Q 2024 Gross profit/GMV Number of transactions (mln) +21% 4.1 3.4 E-COMMERCE AUTO 1Q 2023 1Q 2024 10 (1) Gross merchandise value is a total sales monetary-value for merchandise sold through a particu
Slide 11: Leading Digital Financial Ecosystem
Leading Digital Financial Ecosystem
Slide 12: Uzbekistan macroeconomic overview
Real GDP Growth Annual Inflation and monetary policy rate (%) 25 7.4 20 5.0 6.0 5.7 5.6 15 14.0 14.0 10.8 10 8.3 2.0 5 2019 2020 2021 2022 2023 2024 0 Feb-23 Aug-23 Jun-24 Jun-20 Dec-20 Jun-21 Dec-21 Jun-22 Dec-24 Dec-22 Jun-23 Dec-23 Feb-20 Feb-21 Apr-20 Apr-23 Feb-24 Aug-20 Apr-21 Aug-21 Feb-22 Ap
Slide 13: Uzbekistan product offering
Established in 2020 Established in 2014 Relaunched in 2023 Cash loans P2P transfers POS loans Deposits Utility & Gov payments Installment loans Debit cards PFM Payme BNPL Remittances QR payments E-commerce BNPL Gamification Payme travel Credit cards Daily banking MSME Existing products, upcoming prod
Slide 14: Uzbekistan users, loans and profit
Unique registered users (mln) Gross loans (GEL mln) Total operating income (GEL mln) 929 / USD 345 14.6 797 74 / USD 28 13.2 65 12.0 632 11.1 54 10.2 527 48 9.3 8.3 408 40 7.5 348 36 6.8 5.8 269 29 4.8 20 3.5 4.1 144 181 93 10 12 25 53 8 7 MAU (mln) Deposits (GEL mln) Net profit (GEL mln) 4.7 4.3 65
Slide 15: Uzbekistan contribution in Group
1Q 2024 Uzbekistan contribution in Group (% share) Market shares1 42% 15.3% 13.9% 9.6% 12% 8% 3.4% 3.4% 6% 3.0% 2.2% 1.9% 0.0% 0.0% Net profit Retail deposit portfolio Total operating income Total consumer loans 31-Dec-20 31-Dec-21 31-Dec-22 31-Dec-23 31-Mar-24 ICL portfolio / micro loans market sha
Slide 16: 1Q 2024 Financial Results
1Q 2024 Financial Appendices Results
Slide 17: Net profit and ROE
Net profit (mln GEL) ROE +16% -0.1pp +2% -0.1pp 300 291 296 28.1% 27.6% 293 25.2% 25.2% 25.1% 255 1Q 2023 2Q 2023 3Q 2023 4Q 2023 1Q 2024 1Q 2023 2Q 2023 3Q 2023 4Q 2023 1Q 2024 17 Source: IFRS Group Data
Slide 18: Total operating income
Total operating income (mln GEL) Non-interest income (mln GEL) +16% +6% -3% -11%. 615 640 618 586 532 187 198 175 198 187 187 187 175 165 165 20 20 16 10 12 61 67 68 61 61 399 428 442 443 367 92 106 104 110 104 1Q 2023 2Q 2023 3Q 2023 4Q 2023 1Q 2024 1Q 2023 2Q 2023 3Q 2023 4Q 2023 1Q 2024 Net inter
Slide 19: NIM, funding costs and yields
NIM Cost of fund, cost of deposit, loan and asset yields 0.1pp -0.2pp 12.8% 12.7% 12.7% 12.4% 12.6% 12.2% 12.1% 12.3% 12.3% 11.8% 5.7% 6.0% 5.4% 5.6% 5.4% 6.8% 6.9% 6.7% 6.4% 6.5% 5.1% 5.4% 4.9% 4.9% 4.9% 1Q 2023 2Q 2023 3Q 2023 4Q 2023 1Q 2024 1Q 2023 2Q 2023 3Q 2023 4Q 2023 1Q 2024 Deposit cost To
Slide 20: Operating expenses and cost to income
Total operating expenses (mln GEL) Cost to income +26% +2.9pp -10% -2.6pp 255 218 29 230 204 183 29 34 30 86 28 69 68 65 51 39.8% 37.2% 34.3% 34.7% 35.4% 121 140 127 103 109 1Q 2023 2Q 2023 3Q 2023 4Q 2023 1Q 2024 1Q 2023 2Q 2023 3Q 2023 4Q 2023 1Q 2024 Staff costs Administrative & other expenses De
Slide 21: Cost of risk and NPLs
NPLs Cost of risk 155% 93% 154% 89% 152% 88% 146% 80% 140% 74% +0.0pp +0.2pp 1.1% 0.9% 0.8% 0.8% 0.6% 2.2% 2.1% 2.2% 2.0% 2.0% 31-Mar-23 30-Jun-23 30-Sep-23 31-Dec-23 31-Mar-24 1Q 2023 2Q 2023 3Q 2023 4Q 2023 1Q 2024 NPLs/Gross loans Total NPLs coverage1 Provision coverage • NPLs moderately increase
Slide 22: Gross loan and deposit portfolios
Gross loan portfolio (bln GEL) Gross loans breakdown, 1Q 2024 +23%/+21%1 +2%/+3%1 5% 24% 34% GEL 22.5 bln 22.1 22.5 18.3 37% 31-Mar-23 31-Dec-23 31-Mar-24 Retail Georiga CIB Georiga MSME Georiga Uzbekistan Deposit portfolio (bln GEL) Customer deposits breakdown, 1Q 2024 +21%/+18%1 3% +2%/+3%1 5% 9%
Slide 23: Capital adequacy ratios
GEORGIA UZBEKISTAN 2.1pp 2.0pp 1.6pp 4.7pp 2.7pp 3.2pp 24.8%* 22.1%* 21.5% 16.2% 18.8% 16.6% 19.9% 12.7% 12.7% 16.8% 14.5% 13.0% 10.0% 8.0% CET1 Tier1 Total CET1 Tier1 Total Min. requirements Above min. requirements Min. requirements Above min. requirements *AT1 capital notes Issuance effect • TBC B
Slide 24: Uzbekistan financial performance
Profitability (mln GEL) Loans and deposits1,2 (mln GEL) 28.1% 22.1% 23.4% 29.7% 23.7% +45% / +85% +128% / +76% 74 / USD 28 929 / USD 345 65 797 54 632 48 40 527 408 20 18 / USD 7 657 / USD 244 13 13 14 516 581 457 374 1Q 2023 2Q 2023 3Q 2023 4Q 2023 1Q 2024 31-Mar-23 30-Jun-23 30-Sep-23 31-Dec-23 31
Slide 25: Targets and actual performance
TBC Group Uzbekistan Actual performance Actual performance Target 1Q 2024 Target 1Q 2024 7 mln 5.6 mln1 5 mln + 4.7 mln Digital monthly active users Digital monthly active users (Digital MAU)1 (Digital MAU) GEL 1.5 bln, 15%+ CAGR GEL 296 mln (quarterly) 80% + +128% YoY Net profit +16% YoY Loan CAGR
Slide 26: Q&A
Q&A
Slide 27: Income statement summary
Change Change 1Q 2024 4Q 2023 3Q 2023 2Q 2023 1Q 2023 YoY QoQ Net interest income 443 442 428 399 367 21% 0% Net fee and commission income 104 110 104 106 92 13% -5% Other operating non-interest 71 87 83 82 73 -3% -19% income Total operating income 618 639 615 587 532 16% -3% Total credit loss allow
Slide 28: Key ratios by segment
1Q 2024 Georgian financial services Uzbekistan Group ROE1 24.0% 23.7% 25.1% ROA2 3.6% 6.5% 3.6% Cost to income3 32.4% 54.5% 37.2% Cost of risk4 0.7% 5.5% 0.8% NIM5 5.9% 23.6% 6.5% Loan yields6 11.4% 43.2% 12.7% Deposit rates7 4.8% 25.4% 5.4% Cost of funding8 5.4% 24.1% 6.0% PAR 90 to gross loans9 1.
Slide 29: Appendices: Business update
Business update Q4 and FY 2023 Financial Results
Slide 30: Digital banking products
Daily Banking Lending products • Transactions • Payments • Fully digital consumer lending • Remittances • Pre-approved credit limits • Automatic payments/transfers • BNPL • Subscriptions • Loan prepayment • Loyalty • Loan refinancing NEW Lifestyle & Gamification Investments • Offers from partner mer
Slide 31: ESG ratings
As of April 2023, TBC Bank Group holds a rating of “AA” (on a scale of AAA-CCC) in the MSCI ESG Ratings assessment MSCI Disclaimer statement The use by TBC Bank Group PLC of any MSCI ESG research LLC or its affiliates (“MSCI”) data, and the use of MSCI logos, trademarks, service marks or index names
Slide 32: Sustainability impact targets
TBC Bank aims to contribute to the Sustainable Development Goals (SDGs) in Georgia through its financing and operational acti vities, setting impact targets and committing to reporting its progress on an annual basis Sustainable Portfolio Job Creation & Training Grow sustainable portfolio Train empl
Slide 33: Georgia Economy & Banking Sector
Georgia Economy & Banking Sector
Slide 34: Georgia key facts
3.7mln 38 $ 31bln RUSSIA Population Average age Nominal GDP 2023 GEORGIA 8,200 22,600 4.7bln Tbilisi AZERBAIJAN $ $ $ ARMENIA TURKEY GDP per capita GDP per capita, PPP Gross international reserves 8.25% 0.5% Ba2stable Monetary policy Inflation (Mar-2024) Credit Ratings rate (Mar-2024) 34
Slide 35: Georgia real GDP growth and composition
Real GDP growth (YoY, %) 2023 GDP composition Trade (16%) 24.7 Real estate activities (10%) Manufacturing (10%) 14.8 16% 16% 14.5 13.1 Construction (8%) 8.2 8.1 6.8 6.3 6.6 6.5 7.0 6.9 7.8 4% Agriculture, forestry and fishing (7%) 5.2 5.4 10.8 10.5 4.4 4.3 10% 5% Public administration (7%) 1.4 4.7 T
Slide 36: Exports, tourism, remittances and FDI
Exports, tourism, remittances and FDI (mln USD) Share of countries in exports, tourism, remittances and FDI, 2023 5,000 Export Tourism 4,500 Remittances FDI IT Service Export Inflow 4,000 Other, 22.2% EU*, 21.7% Inflow w/o Russia 3,500 Saudi Arabia, 3,000 1.1% 2,500 Belarus, 2.0% 2,000 Ukraine, 2.9%
Slide 37: USD/GEL and GEL REER
USD/GEL and GEL REER YTD percentage change against USD, as of 31 Mar 2024 130 1.0 120 2.3 2.5 120 1.5 110 0.0 2.0 -0.2 100 -0.9 2.5 90 -2.1 2.7 -2.5 -2.5 -2.9 3.0 80 3.5 70 60 4.0 Mar-13 Mar-16 Jul-20 Nov-20 Jul-21 Nov-21 Mar-14 Mar-15 Mar-18 Mar-19 Jul-22 Nov-22 Mar-17 Jul-23 Nov-23 Mar-20 Mar-21 M
Slide 38: International reserves and public debt
Gross international reserves and NBG interventions (mln USD) Fiscal and public debt/GDP (%) 6,000 1050 70 1 900 60 5,000 -1 750 4,746 -1.9 -2.3 -2.1 50 -2.6 -2.4 4,000 600 -2.7 -2.8 -3 -3.0 -3.0 450 40 3,000 -5 300 30 -6.0 2,000 150 -7 20 0 1,000 -9 10 -9.2 -150 0 -300 0 -11 2013 2014 2015 2016 2017
Slide 39: FX share and loan and deposit growth
15 30 35 40 45 25 20 50 80 30 40 70 60 Feb-16 2016Q1 May-16 2016Q2 Aug-16 2016Q3 Nov-16 2016Q4 Source: Geostat, NBG, TBC Capital Feb-17 2017Q1 May-17 2017Q2 Aug-17 2017Q3 Nov-17 2017Q4 (1) On a constant currency basis, as of 31 Dec 2023 Feb-18 2018Q1 May-18 2018Q2 Aug-18 2018Q3 Nov-18 2018Q4 Feb-19
Slide 40: Georgia macro forecasts
2021 2022 2023 2024 2025 GDP Growth, YoY, % 10.6 11.0 7.5 6.4 5.4 GDP, current USD, USD billion 18.9 25.0 30.5 32.5 35.7 Inflation (EOP), YoY, % 13.9 9.8 0.4 2.7 3.0 Monetary Policy Rate (EOP), % 10.5 11.0 9.5 8.0 7.25 Current account Balance, % of GDP -10.3 -4.5 -4.3 -4.6 -4.5 Budget Balance, % of
Slide 41: Appendices: Business update
Business update Q4 and FY 2023 Financial Results
Slide 42: Uzbekistan milestones
13.2 mln 9.3 mln • TBC UZ turned profitable 5.8 mln • 4 mln MAU in Uzbekistan • Acquisition of the remaining 49% 3.0 mln • Launch of fully stake in Payme digital onboarding • Launched digital • Hit USD 300 mln • TBC UZ received cash loans loan book full banking license • Hit USD 100 mln loan book 1.8
Slide 43: Payme payments volume and breakdown
Payments volume1 (bln GEL) Payments breakdown by type 1Q 2024 1.1k 1.9k 2.9k 3.6k 4.5k 3.4k 5.6k +14% 9.5 / $3.6 7.4 P2P transfers 4.8 Service payments 2.6 2.5 / $0.9 Other 3 2.2 1.1 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 1Q 2023 1Q 2024 Active merchants (EOP)2 (1) 99% of all transactions are fee-g
Slide 44: Uzbekistan Economy & Banking Sector
Economy & Banking Sector
Slide 45: Uzbekistan key facts
36mln 29-34 $ 91bln KAZAKHSTAN Population Average age Nominal GDP 2023 Uzbekistan Tashkent $ 2,500 $ 10,500 $ 34.6bln GDP per capita GDP per capita, PPP Gross international TURKMENISTAN reserves TAJIKISTAN 14% 8.8% Ba3stable Monetary policy Inflation (YE 2023) Credit Ratings rate (Mar-2024) 45
Slide 46: Uzbekistan real GDP growth and composition
Real GDP growth (YoY, %) 2023 GDP composition 10.3 Agriculture (24%) 8.2 7.5 11% Manufacturing (21%) 6.9 6.2 6.5 6.1 6.0 6.2 6.1 6.1 6.2 24% Trade (6%) 5.8 5.7 5.6 5.4 5.5 5.7 3% 5.3 5.0 4.9 4.3 4% Public Administration (6%) 3.2 5% Construction (6%) Education (6%) 6% Transporation and storage (6%) -
Slide 47: Exports, imports, FDI and remittances
Export by countries (% of total export, 1Q 2024) Export and Import of Goods, FDI, Tourism and Remittance flows, $ mln and CA balance as % of GDP 50,000 4 11% 40,000 2.6 2.4 2 1.8 1.8 30,000 1.0 7% 0.2 0 20,000 -0.8 7% 10,000 -2 0 -4 5% -5.0 -10,000 64% 4% -5.6 -6 2% -20,000 -6.8 -7.0 -8 -30,000 -8.6
Slide 48: USD/UZS and international reserves
USD/UZS and UZS REER International Reserves and Public Debt (% of GDP) 120 0 70 3 2.2 2 2,000 60 1.9 2.0 100 1.1 1 4,000 50 0.7 80 0 6,000 40 -0.3 -0.3 60 -1 48 8,000 30 -2 40 10,000 20 -3 20 -3.3 12,000 10 -4 12475.2 -4.2 0 14,000 -4.6 -4.6 0 -5 Feb-16 Feb-19 Aug-16 Aug-19 Feb-13 Feb-15 Feb-18 Aug-
Slide 49: FX share and loan and deposit growth
10 50 50 80 30 30 40 40 70 0 60 60 20 20 Feb-17 2017Q-4 May-17 2018Q-1 Aug-17 2018Q-2 Nov-17 Source: Uzstat, CBU, TBC Capital 2018Q-3 Feb-18 May-18 2018Q-4 Aug-18 2019Q-1 Nov-18 2019Q-2 (1) On a constant currency basis, as of 31 Dec 2023 Feb-19 2019Q-3 May-19 2019Q-4 Aug-19 2020Q-1 Nov-19 2020Q-2 Fe
Slide 50: Household debt to GDP
120 Korea 100 UK Househhold debt to GDP, % 80 US Malaysia France 60 Germany Chile Singapore Israel 40 India Italy South Africa Brazil Czech Republic Georgia Croatia Philippines Poland Slovenia Russia 20 Indonesia Hungary Kazakhstan Romania Uzbekistan 2023 0 0 10,000 20,000 30,000 40,000 50,000 60,00
Slide 51: Uzbekistan macro forecasts
2021 2022 2023 2024 2025 GDP Growth, YoY, % 7.4 5.7 6.0 5.6 5.8 GDP, current USD, USD billion 69.6 81.2 90.9 98.0 109.9 Inflation (EOP), YoY, % 10.0 12.3 8.8 10.8 8.7 Monetary Policy Rate (EOP), % 14.0 15.0 14.0 14.0 13.0 Budget Balance, % of GDP -4.6 -4.2 -4.6 -3.9 -3.3 Government Debt, % of GDP 35
Slide 52: Appendices: Selected Financial Data
Appendices Selected Financial Data
Slide 53: Assets and liabilities structure
Assets structure (GEL bln) Liabilities and equity structure (GEL bln) 33.0 33.3 33.0 33.3 11% 9% 27.1 27.1 21% 22% 5% 5% 8% 1% 1% 7% 24% 13% 11% 1% 3% 3% 10% 66% 67% 2% 66% 62% 63% 64% 11% 11% 12% 8% 7% 7% 31-Mar-23 31-Dec-23 31-Mar-24 31-Mar-23 31-Dec-23 31-Mar-24 Total assets Customer deposits Cas
Slide 54: Gross loan portfolio breakdown
Gross loan portfolio breakdown (GEL bln) Retail Georgia banking gross loans (GEL bln) +21% / +18%1 +14% / +12%1 21.3 21.6 7.5 7.7 17.9 5.5 5.5 6.7 4.7 4.7 4.8 8.3 8.4 4.2 6.5 6.7 7.5 7.7 2.5 2.8 2.9 31-Mar-23 31-Dec-23 31-Mar-24 31-Mar-23 31-Dec-23 31-Mar-24 Retail Georiga CIB Georiga MSME Georiga G
Slide 55: Deposit portfolio breakdown
Deposit portfolio breakdown (GEL bln) Retail Georgia banking deposits (GEL bln) +19% / +16%1 +16% / +12%1 20.2 19.9 17.0 0.3 1.0 7.5 7.5 0.5 1.9 1.9 6.5 1.6 3.1 3.3 10.2 9.8 2.4 8.4 7.5 7.5 4.1 4.4 4.2 6.5 31-Mar-23 31-Dec-23 31-Mar-24 31-Mar-23 31-Dec-23 31-Mar-24 Retail Georgia CIB Georgia MSME Ge
Slide 56: Loan and deposit market shares
Loan market shares Deposit market shares Total Total 39.1% 39.1% 39.3% 39.1% 39.3% 39.9% 40.1% 39.5% 38.8% 37.5% Legal entities Legal entities 40.5% 40.7% 40.4% 44.9% 44.1% 39.9% 39.6% 41.1% 42.2% 38.5% Individual customers Individual customers 38.3% 38.2% 38.0% 38.1% 38.0% 37.7% 37.9% 36.6% 36.0% 3
Slide 57: Loans and deposits by currency
Gross loans Deposits 2% 4% 4% 3% 3% 4% 9% 9% 8% 20% 19% 18% 42% 39% 38% 27% 28% 29% 51% 49% 49% 46% 49% 50% 31-Mar-23 31-Dec-23 31-Mar-24 31-Mar-23 31-Dec-23 31-Mar-24 GEL USD EUR Other GEL USD EUR Other 57 Source: IFRS Group Data
Slide 58: NPLs and cost of risk by segment
NPLs Cost of risk 2.2% 2.1% 2.0% 2.0% 2.2% 1.1% 0.6% 0.9% 0.8% 0.8% Retail Georgia 3.7% 1.4% 0.5% 1.1% 1.1% 0.1% 3.4% 3.4% 3.4% 3.3% CIB Georgia -0.1% 0.1% 0.0% 0.3% 0.4% 2.2% 2.1% 2.1% 2.1% MSME Georgia 1.9% 1.8% 1.8% 2.1% 0.9% 0.9% 1.8% 0.7% 2.0% 1.7% 1.6% 1.6% Uzbekistan 1.4% 1.4% 1.4% 1.3% 5.6%
Slide 59: Gross loans and LLP ratio by stage
Total: gross loans (mln) & LLP ratio1 LLP Ratio LLP Ratio LLP Ratio 22,545 2.0% 22,074 1.6% 1.6% 18,321 417 469 1,320 1,515 390 41.8% 38.1% 36.7% Stage 1 1,461 7.1% 6.7% 5.3% Stage 2 20,337 20,561 16,470 0.6% 0.5% 0.5% Stage 3 LLP ratio1 31-Mar-23 31-Dec-23 31-Mar-24 Georgia: gross loans (mln) & LLP
Slide 60: Liability structure and liquidity ratios
Liability structure Liquidity ratios1 as of 31 March 2024 93% 261% 97% 206% Total liabilities GEL 28 bln 4% 131% 136% 13% 115% 115% Customer Deposits 5% 100% Other Liabilities 100% 5% Debt Securities in Issue 73% Due to Credit Institutions 31-Mar-23 31-Mar-24 Subordinated Debt NSFR NBG LCR Net loans
Slide 61: Total dividend and share buyback
Total dividend and share buyback (GEL mln) 25% 25% 25% 25% 30% 35% 35% 394 1 50 200 109 298 89 75 No dividends were paid due to Covid-19 50 2016 2017 2018 2019 2020 2021 2022 2023 2024 Total dividend paid for the year Share buyback Dividend payout ratio Dividend payout ratio incl. buyback 2024 capit
Slide 62: Exchange rates and ratio definitions
1. Return on average total equity (ROE) equals net profit attributable to owners divided by the monthly average of total shareholders’ equity attributable to the PLC’s equity holders for the same period; annualised where applicable. 2. Return on average total assets (ROA) equals net profit of the pe
Slide 63: Terminology definitions
Terminology Definition Consumer loans Unsecured loans to individuals Average daily active users divided by monthly active users. TBC Group figure includes TBC’s digital channels in DAU/MAU Georgia, as well as those at TBC UZ and Payme Digital daily active users (DAU) The number of retail digital use
Slide 64: Contact Investor Relations
CONTACT INVESTOR 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) 577 20 52 90 Tel: +(99