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Tag Archives: Procredit Bank

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 …

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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 …

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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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