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Tag Archives: Bank

The Rating of Lucrative Banks – BasisBank Shows the Highest Growth

Among the profitable banks, BasisBank showed the highest growth in September, + 15.1% m.m. 13.4% were “Bank of Georgia” and 12.6% was “TBC Bank” profit growth indicator. As of October 1, there is a profit of 15 out of 16 banks. Q3/2017 ●01.09.2017 Lucrative million million Bank of Georgia 286.710 252 …

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Basisbank Expands Network of Service Centers

Basisbank has expanded its network of service centers. The new service center N1 has opened in Zugdidi. Currently, the bank owns one service center in Gori, Kutaisi and Telavi, 3 service centers in Batumi. In whole, the bank manages 22 service centers all over Georgia. In June Basisbank renovated several …

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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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Finance Minister: Chinese Bank will Be Commercial By 100%

Kumsishvili: We Do Not Manipulate with Expectations of Currency

Government of China will maximally support Chinese Bank to get established on Georgian market and this bank will be a commercial body by 100%, Minister of Finance of Georgia Dimitri Kumsishvili said. “Active work is being carried out with National Bank. In China we signed a document and the company …

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Bank of Georgia is the Leader of Profitable Banks

Bank of Georgia is the Leader of Profitable Banks

Bank of Georgia’s profit has made up 36 million GEL in February, it is 40% of the sector’s profit (01/17 – 35.8 million). Profitability ratios are the highest – Return on Assets (ROA) is over 4.33% and Return on Equity (ROE) – 40.14% (01.17 – 4.22%: 40.66%). As known, the …

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Giorgi Papava: Banks did not sell Larization of Loans as a Product

Economists explain less interest of population towards larization program by fewer activities of banks. Economist Giorgi Papava regards, that banks have not sold larization of loans as a product. They do not convince customers to apply loans in GEL with the same effort as they do in the case of …

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Trouble-free 100 Days

TeraBank

Trouble-free 100 days – or how to relax from loan interest rates, when I need money urgently?! Only Terabank provides a valuable answer to this question, at this stage. To finance the New Year preparations, travel and general expenditures, the Bank offers a New Year gift to consumers. During 100 …

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Russian-Iranian Bank May Ditch the US Dollar

Russian-Iranian Bank May Ditch the US Dollar

Moscow and Tehran are actively working on opening a joint bank with plans to carry out operations in national currencies, according to the former president of the Russia-Iran Friendship Society Bahram Amirahmadiyan. The decision on setting up the bank was agreed last year but Western sanctions against Tehran have been …

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