TBC Bank posts robust annual profit on loan growth
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(Reuters) - Georgia's largest retail lender TBC Bank Group posted a 20% surge in annual underlying profit on Thursday as a strong economy supported lending.The upbeat results cap a tough year for TBC, whose chairman Mamuka Khazaradze and deputy Badri Japaridze stepped down from the board after prosecutors charged them with money laundering.The FTSE 250-listed bank said underlying profit climbed to 545.1 million lari (£150 million) for the year ended Dec. 31, from 454.9 million lari ($161.89..