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Bank of Georgia is the Leader of Profitable Banks

Bank of Georgia is the Leader of Profitable Banks

Bank of Georgia’s profit has made up 36 million GEL in February, it is 40% of the sector’s profit (01/17 – 35.8 million).

Profitability ratios are the highest – Return on Assets (ROA) is over 4.33% and Return on Equity (ROE) – 40.14% (01.17 – 4.22%: 40.66%). As known, the bank issued dividends of 100 million before the approval of 2016 results (3.6 GEL on per ordinary share). Bank of Georgia’s assets are 9.794 billion GEL by March 1 (2017), market share is 33.4% (01.02.2017 – 10.163 billion: 33.8%).