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Finca Bank Increased Loan and Deposit Portfolio

Finca Bank Increased Loan and Deposit Portfolio

Finca Bank increased loan portfolio by 24% (y-o-y) up to 183,5 million GEL.

Deposits are grown 6 times. Former micro finance organization holds the banking license since August 6, 2013, respectively the bank started attraction of deposits from the mentioned period and it has a portfolio of 49,2 million GEL by April 1 (Q1/2015 – 8,07 million).

Larization ratio of the loans is 63%; deposits – 57,5% (Q1/2015 – 67,7%; 80%). As of April 1, bank’s assets (240 million) are represented by 1%-share (Q1/2015 – 188,7 million; 0,8%). Banks profit is 0,358 million GEL (Q1/2015 – 0,236 million).