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Liberty Bank Announces Unaudited IFRS-based Q1 2016 Results

Liberty Bank Announces Unaudited IFRS-based Q1 2016 Results

JSC Liberty Bank (the “Bank”) continues its business in its usual course.

The Bank has recently published its Q1 2016 financial results which show that the Bank is maintaining high profitability (the Bank reported the net income of GEL 7.8 mln, ROAE – 23.05% annualized and ROAA – 2.03% annualized).

Given the Bank’s good performance, investors’ interest in the bank is not surprising and it is appreciated, however, only the shareholders of the Bank are authorised to enter into any relevant transaction and the Bank is unable to comment on any ongoing negotiations or likely or possible future transactions.

Liberty Bank’s Q1 2016 Financial results are available at Liberty Bank’s website: https://www.libertybank.ge/en/ir/press-releases