Group Chief Executive Officer, Tbc Bank
Search every verified Vakhtang Butskhrikidze interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Vakhtang Butskhrikidze, Group Chief Executive Officer at TBC Bank, presented the company's preliminary results for the fourth quarter and full year 2022 on February 28, 2023. He stated that the group achieved a return on equity of 26.5%, which he described as "excellent," and noted that without a one-off tax charge in the fourth quarter, the return on equity would have been 30%. Butskhrikidze also reported that assets grew by 16% year-on-year on a constant currency basis, driven primarily by retail and micro, small, and medium enterprise (MSME) lending, while deposits increased by 31%. He highlighted that the group's capital ratios remained "very prudent," with a common equity tier 1 (CET1) ratio above 18% on an IFRS basis, and described the transition to IFRS-based capital compliance as broadly capital neutral. Butskhrikidze discussed the group's outlook, stating that the medium-term target for growth is 10 to 15% over three to five years. He attributed the key risks for Georgian operations to regional geopolitics and the dollarization of the banking sector, noting that dollarization of the loan portfolio in Georgia had decreased from over 70% to less than 50% in recent years. He concluded by saying that 2022 was "very successful" for TBC Bank in terms of profitability, growth, and expansion into Uzbekistan, and expressed confidence that the company would continue to perform well and pay dividends in 2023.
“Last year the group generating an excellent return of equity of 26.5% despite a high of tax charge in the fourth quarter related to changes in the tax model. Without the one-off charge, our return of equity would be 30%.”
“For this medium term target, meaning 3 to 5 years, is 10 to 15% as we uh like disclose during now targets and after the IM Med we will see.”
“despite Regional challenges it has been an exceptionally successful year for our group and I'd like to walk you through our main achievements. last year the group generating an excellent return of equity of 26.5% despite a high of tech charge in the force Court related to changes in the TX motor without the one of char...”
“first of all the if you look on the Georg operations so the geography so key key we see this is geopolitics and the region we Georgia we are operating in Georgia this is the first and second uh the doar dollarization of the total banking sector by that I mean that less than 50% of the port Po in Georgian operations we...”
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