Dividends TBC Bank (LSE: TBCG) was one of the outstanding performers on the London market over the past year. Its share price increased by 82%. However, even after this robust race, the actions still offer the capacity of the front dividend of 5.5%. This makes it an intriguing option for investors looking for income.

TBC Bank is a leading financial institution of Georgia, and its growth history was based on the solid economic expansion of the country. The economy is expected to raise by about 6% in 2025. In addition, the bank’s pressure to Uzbekistan seems effective and quickly scales digital banking operations.

However, Georgia’s stability has appeared over the past year after balmy -challenged elections. Therefore, political and economic risk remain factors for monitoring.

Looking at the numbers

Looking at the numbers forward, the valuation of TBC remains dissatisfied. In 2025, shares trade in price to profit (P/E) only 6.1 times, with a dividend performance of 5.5%. It is expected that the dividend to the action will raise to gel9.05, and dividend insurance remains completely balanced, with a 33.9%withdrawal indicator. At current exchange rates (June 20, 2025), one of Georgia Lari equals about 27 pence.

In 2026, P/E drops to 5.2 times, and the efficiency increases to 6.4% compared to the expected gel dividend 10.51. Again, the range remains hearty at 33.5%. By 2027, the P/E further drops to 4.4 times, and the efficiency will reach 7.5% with GEL12.28 dividence, while the payment rate is still conservative 32.7%.

In addition to the fact that the forecast crops are already attractive, this consistent, low payment rate gives TBC a lot of space to reinvest for growth or weather any economic shocks.

In the context of these dividend profitability, they exceed any of FTSE 100 We know banks so well. What’s more, the p/e coefficient is significantly discount compared to these British peers.

Better results

The bank’s basic results are robust. In Q1 2025, net profit increased by 7% year -on -year to Gel 319 m, and a refund from higher capital above 23%. Operational income increased by 25% to Gel774 m, and the bank continues to expand its digital trace, especially in Uzbekistan, which currently constitutes over one -fifth group of operational income.

Management remains certain that he achieved strategic goals in 2025, including a 1.5 billion profit goal and a dividend payment at the top end of a range of 25% -35%.

Despite the miniature decrease in stock prices after the latest results-brought short-term fears of fraud in Uzbekistan and regulatory changes-a dgress history of growth remains intact.

With low valuation, growing dividends and robust achievements in the field of profitability, it is certainly worth considering TBC Bank. However, investors should continue to follow the fate of Georgia. Political or economic instability is not good for banks and therefore I do not buy at the moment.