Yesterday TBC Bank Group hosted its triannual strategy update in New York, showcasing its leading market position in Georgia and its plans to continue to gain share in Uzbekistan. We believe investors will welcome some of the additional colour provided on the plans to drive growth in both of these businesses, as well as new 2028 targets for the group and a 2030 vision of delivering more than $1bn of net profit. With the shares trading on just 6.2x FY26E P/E and 1.5x P/tNAv, this outlook is not r ....
