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Tag Archives: VTB Bank

Shota Machavariani to Head VTB Bank’s Marketing and PR Service

Shota Machavariani

Shota Machavariani has been appointed as a head of marketing and PR office at VTB Bank. Before, has has worked for the New York office of the Abu Dhabi major private investment foundation, Marketer.ge reports. Shota Machavariani: “I had arrived from the USA for a certain period. I had to …

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VTB Bank Profits Grow by 14%

VTB Bank Georgia

The Commersant continues publishing reports of financial institutions. According to the fourth quarter indicators, VTB Bank’s profits grew by 14% to 20 million GEL. In 2016 the bank’s profits constituted 18 million GEL. In 2017 VTB Bank reserved 10 million GEL. Throughout the year the Bank’s assets rose to 1.56 …

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Rating of Commercial Banks in December

Rating of Commercial Banks in December

Consolidated profits of the bank sector exceeded 152.5 million GEL in December 2017. All commercial banks finished the month of December in profits, including Silk Road Bank. However, the latter bank’s annual losses constituted 495 555 GEL. The Georgian banking sector consists of 16 commercial banks, including 15 ones with …

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VTB Bank Improves Market Positions

VTB Bank Improves Market Positions

In January-November 2017, VTB Bank ranks fourth in terms of assets, with a 4.5% ratio. The bank is fourth in terms of deposits, with a 4.8% ratio, while the crediting portfolio makes the bank fifth on the market with a 4.5% ratio. VTB Bank’s profits have increased by 5.6 year …

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TBC Bank is Market Leader in Terms of Retails Deposits

TBC Bank is Market Leader in Terms of Retails Deposits

TBC Bank’s ratio on retail deposits market has risen to 40.9% (Q2/2017 -40.2%). The growth in the third quarter marked 8.3%. Meanwhile, Bank of Georgia has increased retail deposits portfolio by 6.7% quarter on quarter. Liberty Bank’s retail deposits portfolio has risen by 0.9%, VTB Bank – plus 6.3% and …

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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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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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VTB Bank Grows Crediting Volume in 2Q17

VTB Bank Georgia

VTB Bank has increased crediting volume. The growth in the second quarter totaled 3.4% (Q1/ 2017 – 893 million GEL). Net profits have grown by 54% (Q1/2017 -10.224 million). As of July 1 (H1/2017), VTB Bank ranks fourth in terms of assets with a 4.8% ratio. Assets   1 465 197 Loans …

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