Professional
Added to YB: 2025-08-11
Pitch date: 2025-07-29
TBCG.L [neutral]
TBC Bank Group PLC
-15.85%
current return
Author Info
No bio for this author
Company Info
TBC Bank Group PLC, through its subsidiaries, provides banking, leasing, insurance, brokerage, and card processing services to corporate and individual customers in Georgia, Azerbaijan, and Uzbekistan.
Market Cap
GBP 9.7B
Pitch Price
GBP 47.53
Price Target
N/A
Dividend
4.61%
EV/EBITDA
N/A
P/E
7.45
EV/Sales
N/A
Sector
Banks
Category
growth
Blue Tower Asset Management Portfolio Holding: TBC Bank Group PLC
TBCG.L (holding update): Leading Georgian bank with 40% market share and super-app, expanding in Uzbekistan (53% of unsecured consumer loans). 22.4% 10yr avg ROE, accelerating to 26.4% 2022-24. Trades at 5.7x forward PE vs sector 10.2x despite digital efficiency gains. Key risks: regional geopolitics affecting GEL/UZS currencies.
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