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TBC Bank Profit Jumps

TBC Bank’s pretax profit rose to 239.5 million laris ($94.3 million) for the six months ended June 30, from 191.4 million laris a year earlier.

Shares of TBC were up 2.4 percent on the London Stock Exchange minutes after the opening bell.

Tbilisi-based TBC’s market share in total loans was 38.3 percent as of June 30, a 0.3 percentage point rise year-on-year.

TBC cautioned on Monday that the recent developments in Turkey are expected to have negative impact on economic growth in Georgia.