Home / Tag Archives: Procredit Bank

Tag Archives: Procredit Bank

Fitch Improves Procredit Bank Georgia’s Outlook

Fitch Improves Procredit Bank Georgia's Outlook

Fitch Ratings imporved Procredit Bank Georgia’s outlook. The Rating Agency revised Procredit Bank Georgia’s Outlook to Positive from Stable. The revision of the Outlook to Positive follows the revision of the Outlook on Georgia’s sovereign rating to Positive from Stable. The affirmation of PCBG’s ‘BB’ Long-Term IDRs at one notch …

Read More »

ProCredit Bank’s Portfolio Dollarization Declines to 80%

ProCredit Bank's Portfolio Dollarization Declines to 80%

ProCredit Bank’s portfolio dollarization has declined to 80% (L/Y – 85%). Annual growth in GEL-denominated loans made up 52% (197 million in 2017 and 131 million GEL in 2016). Currency portfolio has declined by 7% (809 million in 2017 and 872 million in 2016). Revenues from loans have also declined. …

Read More »

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 …

Read More »

ProCredit Bank’s Assets Shrink

Assets of ProCredit Bank have shrunk by 1.3% month on month. The bank rank 5th with a 3.9% ratio as of October 1 (Q3.2017). Deposits portfolio of ProCredit Bank has also decreased by 1.6% month on month. The bank’s crediting volume has risen by 2.8% month on month. Assets 1 …

Read More »

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 …

Read More »

Assets of Commercial Banks Totaled 30.5bln GEL as of August First

Assets of commercial banks amounted to 30.5bln GEL as of August 1. According to the National Bank’s statistics, total assets (in current prices) rose by 0.3bln GEL in July (+0.8 month on month). Own funds of commercial banks amounted to 4.1bln GEL (13.4% of assets). Basisbank advanced to the 6th …

Read More »

Liberty Bank Tops Rating of Commercial Banks

Liberty Bank Tops Rating of Commercial Banks

Crediting portfolio of commercial banks marked 19.316 billion GEL as of July 1 (H1/2017). Larization coefficient is 41.01%  (01.06.2017 – 18.7 billion; + 3.2% m.m; 40.1%). According to National Bank of Georgia (NBG), GEL-denominated loans portfolio rose by 256 million GEL (+3.4 month on moth), while foreign currency denominated loans …

Read More »

Director of ProCredit Bank: We Funded 872 SME Projects in Partnership With EIB

Director of ProCredit Bank: We Funded 872 SME Projects in Partnership With EIB

ProCredit Bank hosted the delegation of the European Investment Bank at the central branch in Batumi. Financial institutions have discussed successful projects implemented within the framework of the multi-year partnership. The meeting was attended by Janos Herman, the EU Ambassador to Georgia and other representatives of the diplomatic corps. Dimitri …

Read More »

ProCredit Bank’s Profitability Remains Stable

ProCredit Bank's Profitability Remains Stable

ProCredit Bank’ profitability remains stable. As of June 1, 2017 Return on Equity (ROE) made up 7.44%  (Q1/2017 – 7.44%); Return on Assets totaled 1.06% (Q1/2017 – 1.06%). The Bank has moved to the 11th position  with a 1.6% ratio in the banking sector profitability. Assets 1 242 520 000 …

Read More »

Business Café Meets up for the 10th Time

Business Café Meets up for the 10th Time

On May 31st, 2017 the 10th meeting of Business Café was held at Tbilisi Marriott Hotel. Entrepreneur, Mr. George Kananashvili spoke about Financial Technologies and Challenges.   About Business Café: Business Café is a project initiated by consulting company “Insource” and it has been supported by PASHA Bank since 2015. …

Read More »