An update from TBC Bank ( (GB:TBCG) ) is now available.
TBC Bank Group PLC has announced a proposed final dividend for 2024 of GEL 5.55 per share, subject to shareholder approval. This, along with an interim dividend, totals a 12% year-on-year increase in dividends and results in a dividend payout ratio of 35% for 2024. The announcement reflects TBC’s continued profitability and robust financial position, enhancing its appeal to investors and maintaining its competitive stance within the financial services industry.
More about TBC Bank
TBC Bank Group PLC is a public limited company registered in England and Wales and serves as the parent company of TBC Bank Georgia and TBC Uzbekistan. The company focuses on providing digitally-led financial services to both retail and corporate customers. TBC Bank Georgia is a leading financial services group in Georgia with significant market shares in customer loans and deposits. Meanwhile, TBC Uzbekistan is recognized as the leading digital banking ecosystem in Central Asia, featuring TBC Bank Uzbekistan, the country’s largest mobile-only bank, and other digital payment platforms.
YTD Price Performance: 18.43%
Average Trading Volume: 81,396
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £2.02B
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