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Banking

The Banking Sector Has a Profit of 0,5 Billion GEL

Out of 16 operating banks by August 1st  (01.08.2017) 15 is profitable ∑ 519.5 mln. ₾ (H1/2017 – ∑ 448.8 mln. ₾).  15 was profitable in the first part of year as well(H1/2017) Azerbaijan International Bank replaced Isbank in July (loss – 335 000 ₾). Turkish Isbank profited 80 000 GEL  (H1/2017 …

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TBC Bank’s Market Capitalization Accounts for 842mln GBP

Price of TBC Bank shares (TBCB LI) has slipped to 15.6GBP. The trading session closed at 15.6GBP (-5.29%m.m). Deals were made on 103 000 shares. Over the past 4 weeks the averaged daily trading volume constituted 28 000 shares.  TBC Bank’s market capitalization is 842mln GBP (13.06.17 – GBP 939mln …

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The Price of Georgian Companies’ Shares has Decreased Again

Investment Company Galt & Taggart reported that Georgian companies’ shares were dropped last week. Compared to the previous month, the healthcare group’s shares in the London Stock Exchange were cheaper. The price of the shares of the company fell to the previous week, but TBC Bank’s shares did not change …

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Buying a Car Insurance at TBC Insurance is Already Available Online

TBC Insurance has created an online platform for car insurance, that allows a customer to purchase it online, in 2 minutes, without leaving home. One only needs to go to link, answer several questions and pay online, after what insurance is active for vehicle. TBC insurance will be award its customers- …

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Price of Shares of Georgian Companies Declines at LSE

According to Galt&Taggart investment company, price of shares of Georgian companies declined in the previous week. TBC Bank shares saw major contraction. Trades on BGEO Group shares closed at the price of 33.92 GBP, down 6.17% week on week and down 3.77% month on month. Deals were made on 252 …

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Lado Gurgenidze remains in Liberty Bank Supervisory Board

Georgian ex-premier and famous banker Lado Gurgenidze remains in Liberty Bank’s supervisory board. While supervisory board has three new members- Irakli (Otar) Rukhadze, Giorgi Kalandarishvil and David Shonia. The decision was already taken at the Supervisory Board meeting. We remind you that the control package of the bank is owned …

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TeraBank Renovates Melikishvili Branch

TeraBank Renovates Melikishvili Branch

Under the concept of Finance House, TeraBank has renovated one more branch. The bank’s commercial director and the branch’s manager cut red ribbon at Melikishvili Avenue N8/2. Starting today you are able to visit the renovated branch on Melikishvili Avenue and receive entirely different banking services. Cozy environment, warm colors …

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Bank of Georgia is Leader in Crediting Development Sector

Development sector crediting portfolio has increased up to 837mln GEL in Georgian banking sector (1.819bln GEL in 1Q17). As of July 1, 2017, the sector’s ratio in corporate loans portfolio (8.4bln GEL) accounts for 10% Bank of Georgia emerges as a leader in terms of revenues from the development sector …

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Commercial Banks Raise 38mln GEL Fines in 1H17

Larization Decreased Banks’ Credit Portfolio

Commercial banks have mobilized 37 982 147 GEL fines from overdue loans in the first quarter of 2017. According to reports submitted by commercial banks, in this component Liberty Bank is leader with 13 063 588 GEL, TBC Bank ranks second with 10 120 167 GEL, Bank of Georgia is …

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