Banking
Posted: 1 month ago

TBC Bank’s 2018 Profit Rises

TBC Bank Group Plc reported a 21.5 percent jump in full-year earnings, as lending remained strong on the back of a strong macroeconomic performance.

TBC, Georgia’s largest retail bank, said profit rose to 437.4 million laris (126.8 million pounds) in the 12 months ended Dec.31 from 359.9 million laris a year earlier.

In a separate statement, the lender’s unit, TBC Bank JSC, said it would pay about 1 million laris to Georgia’s central bank in relation to an earlier disclosed investigation into certain transactions.