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Tag Archives: Basis Bank

Fitch Upgrades Basisbank, Affirms Two Other Georgian Mid-Sized Banks

Fitch Ratings-Moscow/London-18 December 2017: Fitch Ratings has upgraded Basisbank’s (Basis) Long-Term Issuer Default Rating (IDR) to ‘B+’ from ‘B’ and affirmed Cartu Bank’s (Cartu) and Halyk Bank Georgia’s (HBG) IDRs at ‘B+’ and ‘BB-‘, respectively. Fitch has revised the Outlook on Cartu to Negative from Stable. The Outlooks on Basis …

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Chinese Development Bank to Fund Basis Bank with 15 mln USD

Chinese Development Bank to Fund Basis Bank with 15 mln USD

Basis Bank announced on attraction of 15 million USD from Chinese Development Bank. The sum will be directed on the funding of small and middle –sized enterprises. This is the second case of cooperation between the parties; Basis Bank has attracted 5 million USD from Chinese Bank in February, 2016. …

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ADB Allocated Credit Line to Basis Bank

ADB Allocated Credit Line to Basis Bank

Asian Development Bank has allocated credit line to Basis Bank in order to support trade development. The volume of allocated sum amounts to 3 million USD within the frame of TFP. The mentioned program significantly expends operation in the Central Asia and Caucus region. It has been noted, that geographical …

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Basis Bank Announced about the Successful finished of Q2

Basis Bank Announced about the Successful finished of Q2

Basis Bank announced about the successful finished of Q2. According to the bank, net profit of the bank has made up 12.8 million GEL. Basis Bank has advanced in the banking sector by this index and ranks on the 5th position. Return on Assets (ROA) has made up 3.5% and the …

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