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Tag Archives: Bank of Georgia

Rating of Commercial Banks in terms of Crediting Industry Sector

Rating of Commercial Banks in terms of Crediting Industry Sector

The ratio of industry sector crediting in total loan portfolio has increased by 11.7% year on year. In January-June 2016 the ratio of this component in the portfolio of legal entities made up 23.9% (22.3% in January-June 2015). Total portfolio accounts for 1.823 billion GEL (1.628 billion GEL in H1/15; …

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Ratio of Bad Loans in Bank Sector Grows

The ratio of bad loans has increased in the bank sector, but the indicator still remains at low level and makes up 3.8% as of June 1. The volume of bad loans accounts for 579 million GEL (561 million GEL as of May 1, 2016). Loans (nonstandard, doubtful, bad) are regulated …

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Price of Bank of Georgia Shares Grows at London Exchange

The price of Bank of Georgia shares (BGEO LN) increased by 7.1% at London Stock Exchange (LSE) in the previous week. The session week ended in 26.24 GBP (+4.5% m.m.). The top price made up 26.39 GBP. Over the week, deals were made on more than 436 000 shares and …

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TBC Bank and Bank of Georgia Hold 65% in Bank Sector’s Profits

TBC Bank and Bank of Georgia Hold 65% in Bank Sector's Profits

65.5% of the bank sector’s profits are recorded on accounts of two leading commercial banks – TBC Bank and Bank of Georgia, as of June 1, 2016. 15 commercial banks have ended the reporting period in profits, while the remaining four commercial banks have recorded losing indicators. 1 Bank of …

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EBRD Affirmed Credit Line of 100 Million for Bank of Georgia

EBRD Affirmed Credit Line of 100 Million for Bank of Georgia

A credit line of 100 million has been approved to Bank of Georgia. To note, 50 million USD of the sum is envisaged for enterprise development support, 40 million USD to fund this segment separately and 10 million USD to fund women entrepreneurs operating in this segment. The funds will …

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EBRD to Open 100 million USD Credit Line for Bank of Georgia

EBRD to Open 100 million USD Credit Line for Bank of Georgia

 The European Bank for Reconstruction and Development (EBRD) plans to open a 100 million USD credit line for Bank of Georgia. According to the EBRD official website information, Bank of Georgia will receive the sum in two positions to serve three target directions, including for financing small and medium sized …

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Price of Bank of Georgia Shares Rise at London Stock Exchange

Price of Bank of Georgia Shares Rise at London Stock Exchange

The price of Bank of Georgia shares (BGEO LN) increased by 18.2% at  the London Stock Exchange (LSE). The session week closed by 19.13 GBP (15-20 November) (+18.23% w.w.).  The maximum price made up 19.62 GBP and the minimum price marked 16.58 GBP, according to G&T. In the reporting week …

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Bad Loans Account for 538.8 million GEL as of March 1

Bad Loans Account for 538.8 million GEL as of March 1

Volume of bad loans declined in the bank sector to 3.3% ratio in total loan portfolio. Nonperforming loans marked 538.8 million GEL as of March 1, 2016. Bad loans (nonstandard, doubtful, bad) are regulated by 30%, 40% and 1000% reserve requirements. Reserves for possible losses exceeded 1 billion GEL, including …

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Nodar Kapanadze: The Pharmacist and Insurer do not Have to Be Together

The Pharmacist and Insurer do not Have to Be Together

Nodar Kapanadze, an expert in the field of socio-economic issues made a statement in the TV program “Obiectivi” about the novelty of pharmaceutical sector. We are talking about the intention of Bank of Georgia Holdings Georgia Healthcare Group PLC (“GHG“), that plans to purchase pharmacy chain GPC.  According to Kapanadze, this fact implies to …

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