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Tag Archives: Profits

Retail Crediting Surpasses Corporate Portfolio in Growth Pace

The Georgian bank sector earns record profits every year. Despite Georgia’s economic growth pace is 3% on average over the past 5 years, profits of commercial banks grow by more than 100% every year. Bankers assert that such high profitability indicators are preconditioned by the sector’s success. However, it should …

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Commercial Banks Profit Grow By 150%

Georgian commercial banks are world leaders in terms of profitability. According to National Bank of Georgia (NBG), in January-March 2017 profits of commercial banks constituted 257 785 000 GEL, up 148 million GEL compared to the same period of 2016 (109 889 000 GEL in January-March 2016). This signifies profits …

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Basisbank Profits Grew in February

Basisbank Profits Grew in February

Basisbank profits constituted 4.212 million GEL as of March 1. The figure put the bank on the sixth position with a 3% ratio among 12 profitable banks (3.429 million GEL as of March 1, 2016; 8%). The Bank finished the January to February period with a high index of profitability. …

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TBC Bank Emerges as Leader Among Profitable Banks

Ratio of two major commercial banks in total profits of Georgian bank sector is 67.8% (01.12. 2016 – 66%; + 2.7% m.m). Thirteen commercial banks of 16 ones finished the year of 2016 in profits of 696.7 million GEL (losses of 3 commercial banks marked 16.601 million GEL).

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New System of Profits Tax to Come into Force in 2017

New System of Profits Tax to Come into Force in 2017

Deputy Finance Minister Lasha Khutsishvili has taken part in the round table of the UN top political forum: “Reform of Internal Resources Mobilization in Partner Countries and Role of Addis Abeba Tax Initiative”, where he updated the meeting participants about the Georgian experience in cooperation as part of the initiative. …

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