TBC Bank aims to double net profit and loans by decade's end
TBC Bank Group PLC on Tuesday said its strategy and vision for 2030 include increasing the payout ratio in the shorter term, and doubling net profit by the end of the decade.
The Tbilisi, Georgia-based lender, which operates in Georgia and Uzbekistan, said it aims for annual loan growth of over 15%, and for an annual return on equity exceeding 23%, while increasing the payout ratio to a range between 25% to 45%, from 2026 to 2028.
The payout ratio includes dividends and buybacks, alongside a 25% floor and progressive dividend. TBC reported a payout ratio of 35% in the previous year.
By 2030, the company intends to double net profit to over $1 billion, and to double loans to over $20 billion. It also aims to increase monthly digital usage from five to 12 million customers, and to raise Uzbekistan’s contribution to its net profit from 9% to about 25%.
TBC last reported net profit of ₾1.42 billion, or around $531 million, for 2025.
TBC Bank Group Chief Executive Officer Vakhtang Butskhrikidze said the last five years were successful in expanding the business’s market to Uzbekistan.
He added: ‘For the next five years, we have equally ambitious growth plans, as we look to extend our leadership in Georgia across all core segments, and scale up our ecosystem in Uzbekistan by connecting our millions of customers with tens of thousands of businesses.
‘We believe our group can add another five million customers by 2030, at the same time doubling its balance sheet and earnings, taking the latter to over $1 billion. This will enable us to continue creating value for our shareholders through delivering a rare combination of growth, profitability and capital returns.’
Shares in TBC were down 1.4% at 4,765.00 pence on Tuesday afternoon in London.
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