TBC Bank announces unaudited 2Q and 1H 2022 consolidated financial results.
According to the figures released by the Bank, 2Q 2022 Profit & Loss statement (P&L) was as follows: profit for the period amounted to GEL 234.6 million (2Q 2021: GEL 250.4 million). Return on average equity (ROE) stood at 24.1% (2Q 2021: 31.0%). Return on average assets (ROA) stood at 3.7% (2Q 2021: 4.4%). Cost to income of TBC Bank Group PLC stood at 35.3% (2Q 2021: 35.4%). Standalone cost to income ratio of the Bank was 27.8% (2Q 2021: 28.6%). Cost of risk stood at 0.9% (2Q 2021: -1.3%). Net interest margin (NIM) stood at 5.8% (2Q 2021: 5.0%).Basic earnings per share stood at GEL 4.26 (2Q 2021: GEL 4.55). Diluted earnings per share stood at GEL 4.14 (2Q 2021: GEL 4.49).
1H 2022 P&L Highlights
Profit for the period amounted to GEL 458.5 million (1H 2021: GEL 403.4 million). Return on average equity (ROE) stood at 24.2% (1H 2021: 25.9%). Return on average assets (ROA) stood at 3.7% (1H 2021: 3.6%). Cost to income of TBC Bank Group PLC stood at 35.9% (1H 2021: 37.2%). Standalone cost to income ratio of the Bank was 28.2% (1H 2021: 30.6%). Cost of risk stood at 0.6% (1H 2021: -0.4%)
Net interest margin (NIM) stood at 5.7% (1H 2021: 4.8%). Basic earnings per share stood at GEL 8.37 (1H 2021: GEL 7.33). Diluted earnings per share stood at GEL 8.13 (1H 2021: GEL 7.24).
Balance Sheet Highlights as of 30 June 2022
Total assets amounted to GEL 26,027.1 million, up by 17.8% YoY. Gross loans stood at GEL 17,534.5 million, up by 14.8% YoY or at 22.9% on a constant currency basis.
Total customer deposits amounted to GEL 15,772.9 million, up by 22.6% YoY or at 30.1% on a constant currency basis.
Market shares of TBC Bank in Georgia:
Market share by total assets reached 38.6%, up by 0.4 pp YoY.
Market share by total loans was 39.1%, up by 1.0 pp YoY.
Market share of total deposits reached 40.7%, up by 2.9 pp YoY.
On the group level, the monthly active digital users (MAU) increased by 71% YoY and stood at 3.0 million.
The average daily active digital users (DAU) increased by 67% YoY and stood at 1.0 million.
In Georgia the monthly active digital users (MAU) increased by 19% YoY and stood at 704,000.
The average daily active digital users (DAU) increased by 20% YoY and stood at 311,000.
