TBC Bank PLC

TBC Bank Group PLC ("TBC PLC") Announces Full Year 2016 and 4Q 2016 IFRS Consolidated Unaudited Preliminary Results; Net Profit for 2016 up by 36.4% YoY to GEL 298.3 million

TBC Bank Group PLC ("TBC PLC") Announces Full Year 2016 and 4Q 2016 IFRS Consolidated Unaudited Preliminary Results; Net Profit for 2016 up by 36.4% YoY to GEL 298.3 million   The European Union Market Abuse Regulation EU 596/2014 requires TBC Bank Group PLC to disclose that this announcement contains Inside Information, as defined in that Regulation     Financial Highlights (including effect of Bank Republic acquisition)   FY 2016 P&L Highlights    Net Profit for 2016 up by 36.4% YoY to GEL 298.3 million   Return on equity (ROE) amounted to 22.4% (20.6% without one-off effects) and Return on assets (ROA) to 3.9% (3.6% without one-off effects)   Total operating income for 2016 up by 18.0% YoY to GEL 681.1 million   Cost to income ratio stood at 45.8% (42.9% without one-off effects), compared to 43.9% in 2015   Cost of risk on loans stood at 1.0%, down by 0.7pp YoY   Net interest margin (NIM) stood at 7.8% in 2016, unchanged from 2015         Balance Sheet Highlights 31 December 2016   Total assets reached GEL 10,769.0 million as of 31 December 2016, up by 55.3% YoY and up by 42.0% QoQ   Gross loans and advances to customers increased to GEL 7,358.7 million as of 31 December 2016, up by 58.6% YoY and by 47.1% QoQ   Net loans to deposits and IFI funding stood at 93.4% and Net Stable Funding Ratio (NSFR) stood at 108.4%   NPLs stood at 3.5%, down by 1.3pp YoY and 1.1pp QoQ   NPLs coverage stood at 88.4%, (221.4% with collateral), compared to 84.3% as of 30 September 2016   Total customer deposits stood at GEL 6,454.9 million as of 31 December 2016, up by 54.5% YoY and up by 40.5% QoQ   Tier I and Total Capital Adequacy Ratios per Basel II/III stood at 10.4% and 14.2% respectively   Tier I and Total Capital Adequacy Ratios per Basel I stood at 21.3% and 28.1% respectively