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Bank of Georgia is the Most Profitable

Bank of Georgia is the Most Profitable Bank in the Country

Bank of Georgia is the most profitable.

As of January 1, ROE totals to 2.73% (2016 – 2.46%), while ROA – 31.5% (2016 – 21%).

Bank’s assets are determined by 11.898 billion GEL, market share – 34.4% (2016 – 10.087 billion; 33.5%).

Deposit portfolio (non-banking) – 6.702 billion GEL, share – 33.9% (2016 – 5.462 billion; share – 32.1%).

Loan portfolio totals to 32.4%-share; volume – 7.235 billion GEL (2016 – 6.193 billion; 32.8%).

Merely credit portfolio is declined from the annual ratio. The decline is 0.4 percent point (-1.2% y-o-y).

Kakha Kiknavelidze, CEO of the bank announced transformation in the direction of retail and corporate landing; clients are served with universal staff instead of specialized one.

Bank of Georgia is the leader of 15 profitable banks with a net profit of 372 million GEL (2016 – 215.5 million; 31% (13 banks)).