Page 41 - GEORptSep20

and microfinance organisations.
8.1.5 ​Bank news
Profit at Georgia based TBC Bank GEL69.2mn in first half
Profit at Georgia-based TBC Bank amounted to Georgian lari (GEL) 69.2mn ($22.6mn) in the first half (1H 2019: GEL253.5mn) and GEL126.2mn in the second quarter (2Q 2019: GEL120.2mn).
Return on average assets (ROA) stood at 0.7% in the first half (1H 2019: 3.3%) and 2.6% in the second quarter (2Q 2019: 3.0%).
Other first-half profit and loss parameters were:
○ Return on average equity (ROE) stood at 5.2% (1H 2019: 22.8%)
○ Cost to income of TBC Bank Group PLC stood at 37.4% (1H 2019:
38.9%)
○ Standalone cost to income ratio of the Bank was 31.9% (1H 2019:
35.7%)
○ Cost of risk stood at 2.1% (1H 2019: 1.3%)
○ Net interest margin (NIM) stood at 4.7% (1H 2019: 6.0%)
Other second-quarter profit and loss parameters were:
o Return on average equity (ROE) stood at 19.5% (2Q 2019: 21.1%1)
o Cost to income of TBC Bank Group PLC stood at 38.5% (2Q 2019: 40.2%) o Standalone cost to income ratio of the Bank was 32.3%2 (2Q 2019: 35.2%) o Cost of risk stood at 0.0%3 (2Q 2019: 1.1%)
o Net interest margin (NIM) stood at 4.3% (2Q 2019: 5.8%)
Balance sheet highlights as of 30 June 2020 were given as:
o Total assets amounted to GEL 19,813.4 million, up by 15.0% YoY
o Gross loans and advances to customers stood at GEL 13,635.4 million, up by 22.4% YoY or at 18.1% on a constant currency basis
o Net loans to deposits + IFI6 funding stood at 105.3%, up by 13.9 pp YoY, and Regulatory Net Stable Funding Ratio (NSFR), effective from 30 September 2019, stood at 127.5%
o NPLs were 2.9%, down by 0.2 pp YoY
o NPLs coverage ratios stood at 134.7%, or 246.7% with collateral, on 30 June 2020 compared to 97.9% or 206.0% with collateral, as of 30 June 2019 o Total customer deposits amounted to GEL 10,420.3 million, up by 5.5% YoY or at 1.4% on constant currency basis
o The Bank’s Basel III CET 1, Tier 1 and Total Capital Adequacy Ratios per NBG methodology stood at 10.0% 12.7% and 17.2% respectively, while minimum eased regulatory requirements amounted to of 6.9%, 8.7%, and 13.3%, respectively.
Market Shares as of June 2020 were:
o Market share by total assets reached 38.5%, down by 0.6 pp YoY o Market share by total loans was 39.5%, up by 1.0 pp YoY
o Market share of total deposits reached 37.1%, down by 3.9 pp YoY 2Q 2020 operating highlights were:
o The number of affluent customers reached 91.0 thousand as of 30 June 2020, up by 173% YoY
o 96% of all transactions were conducted through digital channels (2Q 2019: 93%)
o The penetration ratio for internet or mobile banking8 stood at 48% for 2Q 2020 (2Q 2019: 44%)
41​ GEORGIA Country Report ​September 2020 ​ ​www.intellinews.com