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Bank of Georgia Records Highest ROE

Bank of Georgia Records Highest ROE

Bank of Georgia has recorded the highest return on equity (ROE). Cartu bank emerged as an only organization among commercial banks with major supervisory capital that worsened Return on Equity. Currently, Cartu Bank has negative balance on ROE.     GEL % 1 TBC Bank 1.455.000 15.05 2 Bank of …

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TBC Bank is Leader in Terms of Deposits Portfolio

TBC Bank is Leader in Terms of Deposits Portfolio

Deposits portfolio has shrunk in Georgian banking sector. According to National Bank of Georgia (NBG), total volume of physical and corporate deposits marked 16.5 billion GEL as of March 1, 2017 (17.2 billion GEL as of February 1, 2017 – down 4% month on month and up 13% year on …

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TBC Bank Converted 40 Million USD Loan into GEL

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According to deputy of TBC general minister, 40 million loans have been converted to national currency in both TBC and Bank Republic, which amounts to 53% of loans on the market. In the frame of dedollarization program, 3073 customers dedollarized their loans.  Customers who weren’t enrolled in the state subsidized …

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FMO Sells Shares in TBC Holding

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Netherlands Development Finance Company (FMO) has sold its own shares in TBC Holding. Institutional investors of UK, USA and Europe have bought the shares under accelerated deal managed by  Barclays და Renaissance Capital. “FMO was one of the four international finance institutions that owned shares in TBC Holding. It owned …

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Banking Sector’s Revenues Grew in January-February Period

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Banking sector’s revenues in January-February made up 558 million GEL, up 12% year on year. According to statistics of National Bank of Georgia (NBG), in the reporting period the banking sector’s expenditures totaled 105 million GEL (104 million GEL as of March 1, 2016), including staff expanses marked 92 million …

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Terabank Has Already Revealed the Winner of the First Mid-Lottery

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Tera Bank loan and deposit lottery has already revealed the winner of the first mid-lottery. Tamar Tkavashvili won a package of house appliances which includes: Smart house equipment, Apple TV, Internet and television one year service, smart coffee maker and lego instructor.  The winner received her gifts at the headquarters of …

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Global Finance Names TBC Bank as Georgia’s Best Bank

Global Finance Names TBC Bank as Georgia's Best Bank

The Global Finance has named TBC Bank as Georgia’s Best Bank for the tenth time. The winner was selected due to several criteria: assets growth pace, profitability, return on assets and capital, coverage zone, innovations. “Tenfold victory is much honor for us. This is the thenth award granted by Global …

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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 …

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Larization Decreased Banks’ Credit Portfolio

Larization Decreased Banks’ Credit Portfolio

81% of banks’ landing accounts for 5 banks. Portfolio has been declined to all banks in February, including TOP-5. However, merely demand decline is not the sole reason. The volume of loans has been corrected by -20 point converting. As known, $75 million is converted in GEL through 2 month …

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Social Service Agency and Liberty Bank Sign Cooperation Memorandum

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On March 22 Zaza Sopromadze, director of Social Service Agency, and Liberty Bank director general Aleksi Khuroshvili signed a memorandum on cooperation at Ministry of Labor, Health and Social Protection. Under the memorandum, for a period of one year, Liberty Bank will cover electricity and natural gas consumption costs for …

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