TBC Bank Group PLC (TBCG) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, everybody. It's great to welcome you to our second quarter, first half 2025 results call. As usual, I'm joined on the call by our CEO, Vaktang Budskirikidze, and our CFO, Georgi Megrelishvili. We'll start with a presentation and then we'll move to Q&A. And with that, I'll hand over to Vaktang. Thank you. Thank you, Andrew. Hello, everyone, and thank you for joining us today. I am pleased to present another strong set of results for the second quarter. As you can see, our gross net profit reached 346 million lari, up by 5% year-on-year, while return of equity was about 24%. In Georgia, we maintained high profitability with double-digit growth in our loan book and operating income, whilst maintaining a solid capital position. Over the same period, Uzbekistan's operating income increased by an excellent 86%, while our loan book more than doubled year-on-year. We also surpassed 20 million registered users, a great achievement. We continue to build out a digital ecosystem in Uzbekistan. In the second quarter, we launched the country's first fully digital insurance service. We also agreed to acquire Builds, which is Uzbekistan's leading SaaS platform for businesses serving the retail sector, thus strengthening our business banking proposition. In addition, I am proud to share that TBC Uzbekistan became the first and only business from Uzbekistan and Central Asia to be included in the world's top fintech companies list of 2025 by CNBC and Statista, which is excellent recognition for what Nika Oliver and the team are building. Thanks to our strong profits and the solid capital position, the Board has declared the second quarterly dividend of 1.75 Lari per share, bringing the total first half 2025 dividend to 3.25 Lari. We have also announced the 75 million Lari share ...