StockMarketWire.com - London-listed Georgian lender TBC Bank Group posted a 37% rise in first-quarter profit, as it grew the size of its loan book by increasing market share.

Net profit for the three months through March grew to GEL 133.3m (£37.3m), up from GEL 97.5m on-year.

The bank's net interest margin slipped to 6.1%, down from 6.9%.

Gross loans and advances to customers rose 23% and the bank increased its market share to 37.4%, up 2.1 percentage points.


At 9:28am: [LON:TBCG] TBC Bank Group Plc share price was +4p at 1704p



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