TBC Bank Group Investor Day: Targets 15%+ Loan Growth, 23%+ ROE and Teases Uzbekistan IPO Option

TBC Bank Group (LON:TBCG) utilized its 2026 Strategy Day to outline maturation priorities successful Georgia and Uzbekistan, reiterate medium-term fiscal targets, and item the relation of its integer ecosystem successful expanding lawsuit engagement and merchandise breadth crossed some markets.

Group CEO Vakhtang Butskhrikidze said the institution offers what helium described arsenic a “rare mix” of beardown growth, precocious profitability, and shareholder returns, pointing to a decade-long way grounds that included 17% compound yearly maturation successful net successful U.S. dollars and an mean 23% instrumentality connected equity. He besides said integer monthly progressive users person accrued sixfold successful caller years to much than 7 million, and that the radical returned $735 cardinal to shareholders implicit the past 5 years. Butskhrikidze added that full shareholder instrumentality averaged 36% per twelvemonth successful dollars implicit that period.

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Looking ahead, helium acceptable retired group-level targets that include:

• Loan publication maturation of astatine slightest 15% per year

• Annual instrumentality connected equity of 23% oregon higher

• Payout of 25%–45% of net done dividends and buybacks implicit the adjacent 3 years, including a minimum 25% dividend payout ratio and a progressive dividend policy

For a longer-term presumption done 2030, Butskhrikidze said the radical aims to treble successful size, targeting $1 cardinal successful nett profit, a indebtedness publication of much than $20 billion, and 12 cardinal integer monthly progressive users. He besides said Uzbekistan is expected to go a “material” net contributor by 2030, accounting for 25% of radical profits.

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Butskhrikidze described Georgia arsenic an charismatic banking market, citing an outlook of 5% existent GDP maturation implicit the adjacent 5 years and highlighting the country’s relation arsenic a commercialized and tourism hub. He said the Georgian franchise is targeting sustained 23% instrumentality connected equity and 10%–15% yearly maturation successful loans and profitability, portion aiming to go the “top prime and ascendant slope crossed each segments.”

Incoming TBC Georgia CEO George Tkhelidze, who has led firm and concern banking (CIB) astatine TBC and antecedently served arsenic main hazard officer, said the slope has averaged 26% instrumentality connected equity implicit the past 5 years and grown loans and deposits astatine mid-teens rates. He cited 37% marketplace stock crossed loans and deposits and said TBC is the fig 1 subordinate successful leasing and security successful Georgia.

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