TBC Bank Q3 Net Profit Rises 10% to Record GEL404 Million
The London-listed bank reported a record GEL404 million in net profit for the three months to September, with return on equity of 23.2%. Operating income rose 10% to GEL961 million, including a 13% increase in net interest income.
The London-listed business saw net profits rise 10% in the three months to September end, to a record 404m Georgian lari (£115m), with a return on equity of 23.2%. Total operating income was also 10% higher, at GEL961m, driven by a 13% uplift in net interest income and “strong” loan growth. Gross l…