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Tag Archives: profit

Banking Sector’s Profits Shrink by 10.6mln GEL

Cartu Bank Profits Marked 5.6 million GEL as of May 1

The Georgian banking sector’s profits in October exceeded 37mln GEL, down 10.6mln GEL year on year (-22% year on year). Only one commercial bank of 16 ones has finished the month with losses: Silk Road Bank (0.630mln GEL). The 10-month statistics is almost the same. Every year, even as of …

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The Banking Sector Has a Profit of 0,5 Billion GEL

Out of 16 operating banks by August 1st  (01.08.2017) 15 is profitable ∑ 519.5 mln. ₾ (H1/2017 – ∑ 448.8 mln. ₾).  15 was profitable in the first part of year as well(H1/2017) Azerbaijan International Bank replaced Isbank in July (loss – 335 000 ₾). Turkish Isbank profited 80 000 GEL  (H1/2017 …

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Georgian Healthcare Group Profits Grow by 45%

Georgian Healthcare Group revenues in the first half of 2017 made up 371mln GEL, while profits constituted 24.3mln GEL. The group’s profits rose by 44.9% year on year, while revenues rose by 112%. Profits marked 11mln GEL in 2Q17, while revenues amounted to 186mln GEL. GHG unites 35 hospitals and …

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Azerbaijan’s PASHA Bank Reveals Profit Forecast for 2016

Azerbaijan’s PASHA Bank OJSC expects profit in the amount of 40 million manats on the results of 2016, said Chairman of the bank’s Executive Board Taleh Kazimov Oct. 18 at a press conference in Baku. Kazimov noted that the bank’s profit amounted to 24.4 million manats in 1H2016, which is …

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VTB Bank Advances in Rating of Billionaire Banks

VTB Bank Advances in Rating of Billionaire Banks

VTB Bank has  moved to the 4th position in the rating of billionaire commercial banks and surpassed Cartu Bank after Bank Republic. The bank’s assets in the second quarter rose by 2.8%. The loans portfolio increased by 5.7% quarter on quarter. In the first half of 2016 VTB Bank’s profits …

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