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Banking

Company Silknet Issued 34 Million GEL worth Bonds With TBC Capital

TBC Capital successfully completed the placement of Silknet bonds. The volume of bonds is 34 million GEL. It’s the first time on the Georgian telecommunication market company issue the bonds. “Silknet” bonds term is 5 years. The annual coupon rate is 3.5% of the refinancing rate of the National Bank. …

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Overdue Loans Amount Shrank by 9.6 million GEL in July

Amount of overdue loans shrank by 9.6mln GEL in July and the amount totaled 430.4mln GEL. The ratio of overdue loans in crediting portfolio of commercial banks made up 2.2%. Ratio of GEL-denominated loans in overdue loans made up 39.6%. According to National Bank of Georgia (NBG), in the reporting period, …

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BGEO’s Bank of Georgia Signs One-year $75m Facility

BGEO Group subsidiary JSC Bank of Georgia has signed a one-year $75m club trade finance facility arranged by Citi in collaboration with the bank’s long-term partner international financial institutions Asian Development Bank and International Finance Corporation. The FTSE 250 firm said the facility is the fourth successful syndication arranged by Citi for JSC Bank of Georgia, and …

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Assets of Commercial Banks Totaled 30.5bln GEL as of August First

Assets of commercial banks amounted to 30.5bln GEL as of August 1. According to the National Bank’s statistics, total assets (in current prices) rose by 0.3bln GEL in July (+0.8 month on month). Own funds of commercial banks amounted to 4.1bln GEL (13.4% of assets). Basisbank advanced to the 6th …

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Bank of Georgia Records Highest ROE Coefficient

Bank of Georgia Records Highest ROE Coefficient

Bank of Georgia records the highest ROE (return on equity) coefficient. One commercial bank out of 16 ones have finished the January-July period in negative indicators (International Bank of Azerbaijan (-0.5%). ROE (%) Capital (in bln) Bank of Georgia 36.8 1.758 TBC Bank 20.1 1.521 Liberty Bank 21.2 0.206 VTB …

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Banking Sector’s Deposits Portfolio Grows in July

Banking Sector's Deposits Portfolio Grows in July

In July 2017 deposits portfolio has increased in the Georgian banking sector by 0.6% month on month (June +2.8%: May – 1.1%; April +0.8% month on month; March (-3.1%)). According to National Bank’s statistics, as of August 1 (01.08.2017), retail and corporate deposits constituted 16.9bln USD (current, demand and term …

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Top Managers Withdraw from TBC Capital

Top Managers Withdraw from TBC Capital

Top managers Avtandil Gigineishvili and Levan Shanidze have quited TBC Capital. They were appointed as managing directors at the beginning of the previous year and led TBC Bank’s investment banking direction that offers corporate consultations, research and brokerage services to the market. The company does not specify reasons Gigineishvili and …

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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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