TBC Bank Group reports profits for the first quarter of 2024

TBC Bank Group (LON:TBCG) First Quarter 2024 Results

Key financial results

  • Revenue: GEL 573.3 million (20% increase compared to Q1 2023).

  • Net profit: GEL 292.8 million (an increase of 18% compared to the first quarter of 2023).

  • Profit margin: 51% (as of Q1 2023).

increase in profits and revenuesincrease in profits and revenues

increase in profits and revenues

All data shown in the chart above is for a 12-month (TTM) period.

Statistics on the profits of the TBC Bank group

Looking ahead, revenues are forecast to grow at an average of 19% per annum over the next 3 years, compared to a growth forecast for the UK banking sector of 3.8%.

Efficiency The British banking industry.

The company’s share price did not change substantially compared to a week ago.

Risk assessment

We don’t want to rain on the parade too much, but we found it too 1 warning sign for TBC Bank Group what you need to remember.

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