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Tag Archives: Bank of Georgia

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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Global Finance Recognized Bank of Georgia as the Best Trade Finance Bank

Global Finance Recognized Bank of Georgia as the Best Trade Finance Bank

JSC Bank of Georgia has gained the following recognition of Global Finance. The country’s leading financial institute has been names the Best Trade Finance Bank in Georgia for the second time. The editorial review board of the Global Finance magazine selected the winners based on inputs from industry analysts, corporate executives and …

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Rating of Commercial Banks in December

Rating of Commercial Banks in December

Consolidated profits of the bank sector exceeded 152.5 million GEL in December 2017. All commercial banks finished the month of December in profits, including Silk Road Bank. However, the latter bank’s annual losses constituted 495 555 GEL. The Georgian banking sector consists of 16 commercial banks, including 15 ones with …

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