Tbc Bank Share Discussion Threads

[igoe104] 23/10/2017 09:21

TBC Bank Group PLC TBC Bank signs syndicated loan agreement
20/10/2017 11:56am
UK Regulatory (RNS & others)

TBCG (LSE:TBCG)
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1 Month : From Sep 2017 to Oct 2017

TIDMTBCG
RNS Number : 2156U
TBC Bank Group PLC
20 October 2017
TBC Bank signs syndicated loan agreement of USD 106.5 million with FMO and OFID
JSC TBC Bank ("TBC Bank"), a subsidiary of TBC Bank Group PLC ("TBC PLC") has signed syndicated loan agreements in the total amount of USD 106.5 million with the Netherlands Development Finance Company ("FMO").
This is the second syndicated loan agreement arranged by FMO (Netherlands Development Finance Company), TBC's long-standing partner. The loan facility is provided in syndication with OFID (OPEC Fund for International Development). Other participants, financing USD 56.5 million in total are Symbiotics (through its MSME Bond Platform); Atlantic Forfaitierungs AG; London Forfaiting Company Limited and undisclosed institutional investors through FMO's syndications platform.
The FMO funding enables TBC Bank to further support micro, small and medium-sized enterprise (MSME) financing in Georgia, while the OFID portion of the facility will support international trade finance projects.
"We are proud to have built such a successful relationship with FMO, TBC Bank's long standing partner, as well as OFID and other participants of the syndicate. The size of this funding clearly indicates the success of our previous syndicated loan and our matured partnership. This large facility will help TBC Bank to further strengthen its leading position in the MSME segment," commented Vakhtang Butskhrikidze, CEO of TBC Bank.
FMO's Chief Investment Officer Linda Broekhuizen commented: "FMO is proud to have arranged this groundbreaking syndicated credit line for TBC, bringing also new investors to Georgia. It will enable TBC to continue its growth and helps support job creation in the country."
OFID Director-General Suleiman J. Al-Herbish said: "The financial sector of a country underpins economic stability and growth; it is central to poverty reduction and development. OFID is committed to supporting international trade. Channelling funds through financial intermediaries such as TBC Bank furthers our reach and impact when it comes to supporting sustainable development. This loan agreement is in line with our commitment to developing countries across the globe."

[igoe104] 17/10/2017 08:19

Notification of Third Quarter 2017 Financial Results
TBC Bank Group PLC ("TBC PLC") announces that its consolidated financial results for the third quarter 2017 will be published on Thursday, 16 November 2017.
The management team will host a conference call on the day to discuss the results. Full details of the event will be published in due course.
The results report and investor presentation will be made available at 7 am GMT (11 am GET) on Thursday, 16 November 2017 in the Investor Relations section of the Bank's corporate website at www.tbcbankgroup.com.


Its always good news, when a investor presentation will be made after.

[glenkaz] 13/9/2017 22:36

Big blue day tomorrow imo great news! 🤡👍

[glenkaz] 13/9/2017 17:31

Should keep rising 🤡👌

[igoe104] 13/9/2017 13:23

September 2017
Moody's upgrades TBC Bank Credit Rating
Moody's Investors Service (Moody's) has announced today that it has upgraded the credit rating of JSC TBC Bank ("TBC Bank"), subsidiary of TBC Bank Group PLC. The Bank's local-currency deposit rating has been increased to Ba2 from Ba3 and its foreign-currency deposit rating to Ba3 from B1. The ratings continue to carry a stable outlook.
This change was driven by Moody's upgrade of Georgia's government bond ratings to Ba2 stable from Ba3 stable on 11 September 2017

[igoe104] 01/9/2017 08:20

Nice rise today, hopefully the market is starting to catch up with the value here.

[igoe104] 24/8/2017 09:50

TBC Bank Group Plc (LON:TBCG): Peel Hunt Keeps Buy Rating Today, Has a Target of GBX 2000.00/Share
August 21, 2017 - By Kurt Siggers


TBC Bank Group Plc (LON:TBCG) Rating Reaffirmed
Peel Hunt now has a GBX 2000.00 PT on the 851.22M GBP market cap company or 27.23 % upside potential. In a report published on Monday morning, TBC Bank Group Plc (LON:TBCG) shares have had their Buy Rating reaffirmed by expert analysts at Peel Hunt.

[igoe104] 24/8/2017 08:19

Impressive results
Georgia's largest retail bank TBC Bank Group (LSE: TBCG) today reported results for the second quarter of 2017. Underlying net profit increased by 37% year-on-year, as robust economic conditions spurred strong growth in its loan book.
It's encouraging to see the continued improvement in its underlying operating performance after shares in the bank have gained over 40% over the past 12 months. These impressive results are proof of the soundness of its growth strategy and showcase the strong operating leverage of the bank.
Return on equity moved higher by half a percentage point to 20.4%, as its loan portfolio grew by 30.8% on the previous year and 3.7% over the previous quarter to GEL7.39bn. Unfortunately, net interest margins (NIM) fell by 1.1 percentage points from the same period last year to 6.8%, reflecting competitive pressures in the banking sector which has driven loan yields lower. That said, conditions may be starting to stabilise, as NIM in the second quarter actually rose by 0.2 percentage points on a sequential quarterly basis, its first increase in just over a year.

Looking ahead, City analysts reckon the bank's underlying earnings are set to rise 19% in the current year, followed by further growth of 11% next year. This means its shares trade at just 7.4 times its expected earnings this year, or only 6.4 times its expected earnings in 2018. And with forecasts of around 58.5p per share in dividends this year, TBC Bank seems to offer a potent mix of income and value, with the shares forecast to yield 3.7%.

[igoe104] 24/8/2017 08:17

I've decided to buy in here, they look very cheap a p/e 7.4 for this year, 6.4 for next.

[jimbo123elf] 21/8/2017 10:54

Positive set of H1 results today. Georgian economy grew 4.5% in H1 and the outlook looks positive. Report states that reinvested profits will become tax free for financial institutions from 2019.

[jswjsw] 22/5/2017 17:30

Yes another leap towards a fair share-price by TBCG. It has a way to go!
Gradually investors are waking up to the value at these levels.
j

[jswjsw] 17/3/2017 15:10

!FOLLOWFEED
Predicted NAV up close to £20.
30% Undervalued!!!

...a solid bank that no-one's noticed
J