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Tag Archives: Bank of Georgia

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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Bank of Georgia Capitalization Shrinks

Bank of Georgia Capitalization Shrinks

Bank of Georgia shares (BGEO LN) were traded for 34.25-35.90 GBP at London Stock Exchange (LSE) in previous week (L/w – GBP 34.80 – 37.39 GBP). Prices declined week on week (-1.4%w.w; -3.3% m.m). According to G&T Analytics, deals were made on more than 438 000 shares in previous week. …

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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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Bank of Georgia Issues GEL 500 million 11% Notes Due 2020

BGEO Group PLC’s banking business subsidiary, JSC Bank of Georgia successfully priced an inaugural GEL 500 million offering of 11.00% notes due June 2020 (the Notes). The Notes are denominated in GEL and are expected to settle on 1 June 2017. The Reg S/ Rule 144A senior unsecured Notes are …

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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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TBC Bank is Leader in Terms of Deposits Portfolio

TBC Bank is Leader in Terms of Deposits Portfolio

Deposits portfolio has shrunk in Georgian banking sector. According to National Bank of Georgia (NBG), total volume of physical and corporate deposits marked 16.5 billion GEL as of March 1, 2017 (17.2 billion GEL as of February 1, 2017 – down 4% month on month and up 13% year on …

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