TBC Bank Group PLC (TBCG) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello everyone and welcome to today's TBC third quarter and nine month 2025 IFRS results conference call. My name is Sam and I'll be the call moderator today. All participant lines are currently muted. After the prepared remarks, there'll be a question and answer session. If you'd like to register a question throughout the call, please use the raise hand button on your Zoom toolbar. Alternatively, you can submit a question in writing using the Q&A function on Zoom. And if you've dialed into the call today, you may register a question by pressing star followed by one on your telephone keypad. 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. Thank you very much, Sam, and welcome everybody to our third quarter results call. I'm joined on today's call by Vaktan Budskirikidze, our CEO, by Georgi Megrelishvili, our CFO, and by Oliver Hughes, our head of international. As usual, we'll have a presentation and then we'll run through and have a Q&A session afterwards. And with that, I'll hand over to Vaktan. Thank you. 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 this third quarter is 368 million lari, up by 6% year-on-year, while the return of equity was 24.4%. Our revenue growth was very respectable, 17% year-on-year growth. In Georgia, we had a strong and stable quarter with 24% plus return of equity. 9% growth in our loan book and net interest margin reaching 6%. Over the same period, Uzbekistan's net profit was 41 million lari, up by 30% year-on-year, with return of equity exceeding 23%. While the loan book has almost doubled year-on-...