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Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
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CFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
61% of retail CFD accounts lose money. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more at https://etoro.tw/44JRWLY
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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TBC Bank Posts Record Profit, Adds Buyback
TBC Bank Group's record third-quarter profit and new share buyback were driven by Georgia, where profit rose 17%, while its Uzbek arm saw profit fall by more than half and bad loans climb.
TBC Bank Group (LON: TBCG) shares are up 7% on Monday, after the lender reported record third-quarter profit and a new GEL 50m share buyback on Friday. The group, which runs banks in Georgia and Uzbekistan, reports in Georgian lari (GEL).
The shares were at 5,195p by 2.21pm, a delayed quote, against Friday’s close of 4,856p. They opened at 4,874p. On Friday, when results landed at 7am, they touched 5,235p intraday and closed 1.8% higher than Thursday’s 4,772p.
TBCG.LSE
Net profit for the quarter was GEL 404.2m, up 9.8% from GEL 368.3m a year earlier, which the company describes as a record. Return on equity, the profit earned on shareholders’ capital, slipped to 23.2% from 24.4%. Net interest margin, the gap between lending income and funding cost, edged up to 7.4% from 7.3%.
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Georgia did the heavy lifting. Profit there rose 17.4% to GEL 406.2m, net interest income grew 19.7% and loans expanded 18% once currency swings are stripped out.
Uzbekistan went the other way. Profit fell 61.2% to GEL 15.9m from GEL 41.1m, and the share of loans going unpaid rose to 11.8% from 4.7% a year earlier. Chief executive Vakhtang Butskhrikidze said:
In Uzbekistan, lending is gradually recovering as we adapt to new regulatory requirements.
Vakhtang Butskhrikidze, chief executive, TBC Bank Group
TBC Bank Group (TBCG.LSE) daily closing prices since early August, in pence. The 9 November point is a delayed intraday quote.
The group declared a third-quarter dividend of GEL 1.75 per share. The GEL 50m buyback is worth about $19m, according to the release.
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Its 2026-28 targets are loan growth of at least 15% and return on equity of at least 23%, and the company said it remains on track to deliver them.
The AskTraders Analyst Team features experts in technical and fundamental analysis, as well as traders specializing in stocks, forex, and cryptocurrency.
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