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Tag Archives: Bank of Georgia

Country of Bank of Georgia

Country of Bank of Georgia

Noncore assets of commercial banks bring serious problems to the country. Specialists and business sector representatives stress that this environment kills valuable competition  and aggravates the situation for various businesses. Entrepreneurs frequently note that they have taken loans from major commercial banks. As a result, this or that bank has  …

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Chairman Irakli Gilauri Leaves Bank of Georgia

Irakli Gilauri

Within the division of BGEO, changes in the Bank’s Supervisory Board have already been officially registered. Irakli Gilauri moved to the Bank of Georgia’s Supervisory Board from September 2015, before that, he served as the General Director of “Bank of Georgia”from May 2006 to September 2015. Who will replace Gilauri …

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Bank of Georgia Finished January with a Profit of 6.4 MLN GEL

Bank of Georgia Finished January with a Profit of 6.4 MLN GEL

Bank of Georgia finished January with a profit of 6.4 million GEL, the rate is more by 2.2 million (+52% y-o-y), comparing to the previous January (L/Y – 4.2 million). As of January, 2015, the bank had a loss (-5.7% million). The bank is presented with 9.3%-share among the profitable …

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Bank of Georgia Expects 5.5% Upturn in 2018

Kakha Kiknavelidze: Bank of Georgia Has a Great Development Plan

In January 2018 GEL exchange rate has considerably strengthened. Bank of Georgia director general Kakha Kiknavelidze told BM.GE that the bank has positive expectations in relation to GEL exchange rate. Based on forecasts by analysts, economic growth in 2018 will be 5.5%. “Georgia’s macroeconomic situation is absolutely healthy and we …

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Bank of Georgia is the Most Profitable Bank in the Country

Bank of Georgia is the Most Profitable

Bank of Georgia is the most profitable. As of January 1, ROE totals to 2.73% (2016 – 2.46%), while ROA – 31.5% (2016 – 21%). Bank’s assets are determined by 11.898 billion GEL, market share – 34.4% (2016 – 10.087 billion; 33.5%). Deposit portfolio (non-banking) – 6.702 billion GEL, share …

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