12.Aug .2022 21:30

TBC Bank Publishes 2Q and 1H 2022 Consolidated Financial Results

TBC Bank Publishes 2Q and 1H 2022 Consolidated Financial Results
views 307
Back

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.