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Tag Archives: TBC Bank

Silk Road Group Interested in Purchasing Geocell

Silk Road Group is interested in purchasing Geocell, Lekso Topuria, member of Silk Road Group supervisory board, told Business Morning. In response to the question whether the company will use 34mln GEL raised from Silknet bonds, Topuria said that the mentioned sum will refinance the TBC Bank loan. As to …

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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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Bank of Georgia Records Highest ROE Coefficient

Bank of Georgia Records Highest ROE Coefficient

Bank of Georgia records the highest ROE (return on equity) coefficient. One commercial bank out of 16 ones have finished the January-July period in negative indicators (International Bank of Azerbaijan (-0.5%). ROE (%) Capital (in bln) Bank of Georgia 36.8 1.758 TBC Bank 20.1 1.521 Liberty Bank 21.2 0.206 VTB …

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Banking Sector’s Deposits Portfolio Grows in July

Banking Sector's Deposits Portfolio Grows in July

In July 2017 deposits portfolio has increased in the Georgian banking sector by 0.6% month on month (June +2.8%: May – 1.1%; April +0.8% month on month; March (-3.1%)). According to National Bank’s statistics, as of August 1 (01.08.2017), retail and corporate deposits constituted 16.9bln USD (current, demand and term …

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661 Company Registered at Business Awards 2017

Registration process has finished at Business Awards 2017- joint project of TBC Bank and Geocell. 661 company registered to participate in the Awards, from which jury will reveal the best in various nominations, in September. Registration took place for 2 months. The most companies registered in ”Startup of the Year” …

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Art-Villa Garikula Tower Restoration has Begun

With the support of the National Agency for Cultural Heritage Protection and TBC Bank, the Art-Villa Garikula tower is being restored. TBC Bank describes project aim to The aim to strengthen the most architectural details of Art-Villa Garikula – renovate its floors and rugs. After that, the original function of Rotonda …

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TBC Bank’s ‘Startuper’ Finances Startups with GEL 2 mln

TBC Bank’s program – Startupper is summing up its 5-month results. Since the start of the program, 50 startuppers have already used the special loan of the  program and financial resources of 2,000,000 GEL have already been issued to promote starting businesses. Startups participating in the program operate in various …

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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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Deposits at Commercial Banks Totaled 16.8 billion GEL

Deposits at Commercial Banks Totaled 16.8 billion GEL

Georgian bank sector’s deposits portfolio rose in June, up 2.8% month on month (May +1.1%; April +0.8% month on month; March – 3.1%). As of July 1 (H1/2017), total value of retail and corporate deposits account for 16.8 billion GEL. Two commercial banks store 71.5% of total deposits  (01.06.2017 -71.6%: …

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Kakha Kiknavelidze: Bank of Georgia Has a Great Development Plan

Kakha Kiknavelidze: Bank of Georgia Has a Great Development Plan

Management of Bank of Georgia consider market position of the bank neither satisfactory nor good. They regard it as the best. According to Kakha Kiknavelidze, CEO of the Bank, he is very satisfactory with the results of H1, 2017. The bank keeps the leading positions on the market and has …

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