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Tag Archives: Procredit Bank

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 …

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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 …

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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. …

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Bank of Georgia Records Highest ROE

Bank of Georgia Records Highest ROE

Bank of Georgia has recorded the highest return on equity (ROE). Cartu bank emerged as an only organization among commercial banks with major supervisory capital that worsened Return on Equity. Currently, Cartu Bank has negative balance on ROE.     GEL % 1 TBC Bank 1.455.000 15.05 2 Bank of …

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ProCredit Listed in Frankfurt Stock Exchange

ProCredit Holding, the owner of ProCredit Bank, has been listed in Frankfurt stock exchange, ProCredit Bank press service reports. This fact provides additional opportunities for development and  improvement of reputation among Europe’s major and influential investors, the bank’s press release reads. ProCredit Group was included in the premium list from …

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Bank of Georgia is Leader in Rating of Billionaire Banks

Bank of Georgia is Leader in Rating of Billionaire Banks

Ratio of billionaire commercial banks has increased to 89% as of December 1, 2016. 01.12.16 1 Bank of Georgia 9,254,088 2 TBC Bank 8,466,359 3 Bank Republic 1,842,461 4 Liberty Bank 1,644,000 5 VTB Bank 1,428,852 5 ProCredit Bank 1,322,100 5 Cartu Bank 1,249,257

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Bank of Georgia to Buy ProCredit Bank Portfolio

Bank of Georgia to Buy ProCredit Bank Portfolio

Bank of Georgia plans to buy ProCredit Bank’s portfolio of micro and small business loans. The parties have already reached agreement and payment will be fulfilled in cash. Through this deal Bank of Georgia plans to strengthen positions in segment of small and micro business. As a result of this …

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ProCredit Bank Georgia Notifies Clients about Wooden Box Cancellation

ProCredit Bank Georgia Notifies Clients about Wooden Box Cancellation

ProCredit Bank Georgia has notified clients that starting November 1 the money transfer box of Wooden Box will be canceled. For international and domestic transfers, the bank clients will use faster and simpler internet banking services. Commission fee for Internet banking service is 1.5 EUR for physical bodies and 5 EUR …

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