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Tag Archives: Bank of Georgia

TBC Bank is Market Leader in Terms of Retails Deposits

TBC Bank is Market Leader in Terms of Retails Deposits

TBC Bank’s ratio on retail deposits market has risen to 40.9% (Q2/2017 -40.2%). The growth in the third quarter marked 8.3%. Meanwhile, Bank of Georgia has increased retail deposits portfolio by 6.7% quarter on quarter. Liberty Bank’s retail deposits portfolio has risen by 0.9%, VTB Bank – plus 6.3% and …

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Changes in Bank of Georgia and BGEO Management

Changes have taken place in the management of Bank of Georgia and BGEO. Namely, David Tsiklauri was appointed a deputy director general of Bank of Georgia with focus on financial direction, Levan Kulijanashvili – deputy director general with focus on operational direction and Vasil Khodeli – deputy director general with …

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Bank of Georgia Profits Shrank in August

Bank of Georgia profits declined by 21mln GEL in August 2017, after 65mln GEL growth in July. As of September 1, Bank of Georgia is the market leader due to 252.7mln GEL net profits and 45% market ratio (01.08.17 – 53%). Bank of Georgia has the highest coefficient of profitability. …

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London Stock Exchange Makes Deals on 456 000 BGEO Shares

Price of Bank of Georgia shares (BGEO LN) at London Stock Exchange (LSE) made up 32.92-34.83 GBP (L/m – GBP34.25 – 35.90). The price declined by 4.3% week on week, by 7.84% month on month. According to G&T analytics, deals were made on more than 456 000 shares (60 000 …

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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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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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