TBC Bank Group Reports 2Q 2025 Net Profit of GEL 346 Million (USD 126 Million), Fuelled by Strong Top-Line Growth in Georgia and Uzbekistan

TBC Bank Group PLC, which operates the leading financial services group in Georgia and the largest digital banking ecosystem in Uzbekistan, today announces its unaudited consolidated IFRS financial results for 2Q and 1H 2025.  The strong performance was driven by a consistently highly profitable showing in Georgia and further dynamic growth of the digital ecosystem in Uzbekistan. The Group continues to deliver exceptional value to its shareholders while reinforcing its position as a leading player in the region.

• 2Q 2025 operating income of GEL 835 million (USD 304 million) grew by 23% YoY.
• 2Q 2025 net profit of GEL 346 million (USD 126 million), up by 5% YoY and ROE at 24.3%.
• Gross loans of GEL 28.5 billion (USD 10.5 billion) grew by 16% YoY on a constant currency basis.
• Total customer deposits of GEL 23.3 billion (USD 8.6 billion), up by 14% YoY on a constant currency basis.

TBC Georgia continues to be a leading financial services provider in the country on all key metrics.

• TBC Georgia net profit increased to GEL 332 million (USD 121 million) in 2Q 2025, up by 3% YoY, with ROE at 23.9%.
• TBC Georgia gross loans portfolio increased to GEL 26.0 billion (USD 9.5 billion), up by 11% YoY on a constant currency basis. Total loans market share was 37.8% as of 30 June 2025.
• TBC Georgia customer deposit portfolio increased to GEL 22.0 billion (USD 8.1 billion), up by 11% YoY on a constant currency basis. Total deposits market shares stood at 38.1% as of 30 June 2025. 
• Retail consumers significantly increased their digital engagement in Georgia: share of consumer loans issued fully digitally increased to 81% at the end of 2Q 2025, up by 13 pp YoY.

TBC Uzbekistan continues its impressive growth trajectory. The ecosystem now boasts 21 million unique registered users, solidifying its position as the leading digital banking ecosystem in Central Asia and continuing to significantly contribute to the Group's overall performance.

• TBC Uzbekistan operating income increased to GEL 170 million (USD 62 million) in 2Q 2025, up by 86% YoY, accounting for 20% of the Group’s total. 
• TBC Uzbekistan net profit increased to GEL 32 million (USD 12 million) in 2Q 2025, up by 36% YoY, with ROE at 20.0%. TBC Uzbekistan accounts for 9% of the Group’s net profit. 
• TBC Uzbekistan gross loan portfolio increased to GEL 2.5 billion (USD 905 million) as of 30 June 2025, up by 105% YoY. The company continues to grow its market share in Uzbekistan: as of 30 June 2025, our market share in retail loans stood at 5.1%. TBC Uzbekistan now accounts for 54% of Group’s unsecured consumer loans. 
• TBC Uzbekistan deposit portfolio increased to GEL 1.3 billion (USD 492 million) as of 30 June 2025, up by 86% YoY. TBC Uzbekistan accounted for 13% of TBC Bank Group’s retail deposit portfolio as of 30 June 2025 and has a 4.1% local retail deposit market share.
• TBC Uzbekistan had 5.7 million digital MAU and 20.8 million unique registered users as of 30 June 2025 up by 19% and 31% YoY respectively, which makes it one of the largest digital banking ecosystems in Central Asia.

Business highlights: “The second quarter was marked by several significant developments in our Uzbekistan business. The popularity of our flagship debit card and daily banking product, Salom Card, has exceeded expectations, reaching over 0.5 million cards issued by the end of June. We also continued to build out our digital ecosystem through the launch of new products and strategic acquisitions. Notably, we completed the rollout of TBC Insurance and agreed to acquire a majority stake in BILLZ, Uzbekistan’s leading SaaS platform for businesses serving the retail sector, which will strengthen our business banking proposition. In addition, after establishing TBC Digital, the holding company overseeing TBC PLC’s operations in Uzbekistan, we enhanced the company’s governance and knowledge pool by appointing a supervisory board chaired by Oliver Hughes and joined by global fintech leaders David Nangle from VEF and Matthew Risley from QED Investors. We are building a world-class digital ecosystem in Uzbekistan, and I am delighted that this has been recognized by TBC Uzbekistan’s inclusion in the prestigious list of the world’s top fintech companies prepared by CNBC and Statista, the first such recognition for an Uzbek or Central Asian business.” – Vakhtang Butskhrikidze, CEO of the Group.

With the TBC Bank Group Financial Results 2025 confirming sustained growth across core markets, the Group continues to strengthen its position in both traditional banking and digital finance.