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Tag Archives: liberty bank

Liberty Bank’s Profitability Coefficient Rises

Liberty Bank's Profitability Coefficient Rises

Liberty Bank has increased its profitability coefficient. According to January-September indicators, return on assets (ROA) made up 2.75% (Q2/2017 – 2.4%), while return on equity (ROE) constituted 23.04% (Q2/2017 – 20.6%). Liberty Bank has recorded the highest Larization coefficient of the portfolio on the market. 98% of loans are denominated …

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Liberty Bank Announces Unaudited IFRS-based Results

JSC Liberty Bank (the “Bank”) announced today its Q3 2017 & 9M 2017 consolidated results (IFRS-based, unaudited, based on management estimates), reporting Net Income of GEL 12.0 million in Q3 2017 (up 14.5% q-o-q and down 28.8% y-o-y) and GEL 33.1 million in 9M 2017 (down 0.1% y-o-y). On 12 …

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Lado Gurgenidze Quits Liberty Bank’s Supervisory Board

Ex Prime Minister of Georgia Lado Gurgenidze has quitted the supervisory board of Liberty Bank. Changes have been registered officially. We remind you that several days ago the owner of controlling interest in Liberty Bank was replaced. The bank’s 74.64% stake was bought by the Netherlands-incorporated European Financial Group B.V. …

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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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European Financial Group Purchases 74.64% Shares of Liberty Bank

JSC Liberty Bank (the “Bank”) announced today a change of control, whereby European Financial Group B.V. (“EFG”), a company established and organised under the laws of the Kingdom of Netherlands, purchased 74.64% of equity interest in the Bank. The ultimate beneficial owners of the Bank are Irakli Rukhadze (US Citizen), …

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Liberty Bank Becomes a Supporter of Europe House Campaign

”Europe House” campaign responds the strategy of the Government of Georgia about communications and enlistment of Georgia in the EU and NATO for 2017-2020. In particular, one of the main messages: “The process of Georgia’s integration into the EU and NATO contributes to the creation of a safe and competitive …

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