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Tag Archives: Bank of Georgia

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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Bank of Georgia to be the Most Lucrative Bank in Georgia

The most profitable bank in the banking sector is Bank of Georgia. As of July 1, The share is determined by 27%. The total revenue of the sector (16 commercial banks) is 2.134 billion GEL. ● 1 Bak of Georgia 577 010 000 ₾ 2 TBC Bank 568 722 000 ₾ 3 …

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Rating of Commercial Banks due to ROE

Bank of Georgia is leader in terms of Return of Equity (ROE). ProCredit Bank was ejected from the list of Georgia’s top five major banks (7.3%). Only two commercial banks of 16 ones have ended the first half of 2017 in negative indicators (IS Bank and Finca Bank).   ROE …

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Liberty Bank Tops Rating of Commercial Banks

Liberty Bank Tops Rating of Commercial Banks

Crediting portfolio of commercial banks marked 19.316 billion GEL as of July 1 (H1/2017). Larization coefficient is 41.01%  (01.06.2017 – 18.7 billion; + 3.2% m.m; 40.1%). According to National Bank of Georgia (NBG), GEL-denominated loans portfolio rose by 256 million GEL (+3.4 month on moth), while foreign currency denominated loans …

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Deposits at Commercial Banks Totaled 16.8 billion GEL

Deposits at Commercial Banks Totaled 16.8 billion GEL

Georgian bank sector’s deposits portfolio rose in June, up 2.8% month on month (May +1.1%; April +0.8% month on month; March – 3.1%). As of July 1 (H1/2017), total value of retail and corporate deposits account for 16.8 billion GEL. Two commercial banks store 71.5% of total deposits  (01.06.2017 -71.6%: …

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Bank of Georgia Capitalization Shrinks

Bank of Georgia Capitalization Shrinks

Bank of Georgia shares (BGEO LN) were traded for 34.25-35.90 GBP at London Stock Exchange (LSE) in previous week (L/w – GBP 34.80 – 37.39 GBP). Prices declined week on week (-1.4%w.w; -3.3% m.m). According to G&T Analytics, deals were made on more than 438 000 shares in previous week. …

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Kakha Kiknavelidze: Bank of Georgia Has a Great Development Plan

Kakha Kiknavelidze: Bank of Georgia Has a Great Development Plan

Management of Bank of Georgia consider market position of the bank neither satisfactory nor good. They regard it as the best. According to Kakha Kiknavelidze, CEO of the Bank, he is very satisfactory with the results of H1, 2017. The bank keeps the leading positions on the market and has …

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