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CartuBank

Cartu Bank’s Profit Approaches GEL 35 mln

“Cartu Bank” received profit of 35 million GEL in 10 months and its share is determined by 8,7% among the profitable banks.

As of November 1, deposit portfolio (without banking deposits) amounts to 510 million GEL (01.11.14 – 289,4 million), loans – exceed 844 million GEL (01.11.14 – 449 million).

Respectively, the growth is 76% (y-o-y) and 88% (year-over-year). Bank’s assets are determined by 1,122 billion GEL, market share – 4,6% (01.11.14 – 677,5 million; 3,6%).

The banks operates on the market from 1998, Uta Ivanishvili is 100%-shareholder of the stakes. Bank’s chartered capital is 247 million GEL.