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Tag Archives: Finca Bank

Profit of Banks Saw Increase by 8.4% in the First Half of the Year

The National Bank of Georgia has published financial indicators of the first half (January-June) of current commercial banks operating in Georgia. As for the data, TBC Bank saw the highest profit worth of 183 million GEL which is 22% more than the profit of the first half of 2017. “Bank of Georgia” …

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Finca Bank’s Market Ratio Declines

Finca Bank’s ratio on crediting market has declined. As of April 1 (Q1/2018), the bank’s ratio accounts for 1%. The bank’s market ratio in terms of assets accounts for 0.8%.     Q1/2018 Q3/2017   GEL GEL Profits 606 000 1 330 280 Assets 284 477 000  288 569 390 …

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Only Two Commercial Banks Record Negative Coefficient of Profitability

Only two commercial banks record negative profitability coefficient on Georgian banking sector (ROA – return on assets; ROE – return on equity). In the same period of 2016, both commercial banks had positive indicators. Turkish  İşbank started operation in Georgia after it opened a branch in Batumi. The body obtained …

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A Gift from FINCA Bank – The book for Children and Teens

On 31st of October – on World Savings Day FINCA Bank Georgia launched a new interactive book for schoolchildren – “My School Book”. The book content is designed for children from 7 to 14 and the focus is made on the promotion of financial literacy and business skills development. The …

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FINCA Bank Introduces Unprecedented Loans Campaign

Finca Bank Introduces Unprecedented Loans Campaign

FINCA Bank has introduced an unprecedented loans campaign. Namely, customers are able to take GEL-denominated loans with up to 5% lower interest rate. The loan’s top margin is 200 000 GEL. “Through the loans campaign we would like to give our customers wider opportunity to attain their objectives, develop small …

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Finca Introduces Special Conditions for 2-Year Loans

 Finca Bank has introduced a special offer for 2-year loans. The bank product’s interest rates starts from annual 10.49% (effective interest rate from 11.15%) and the loan’s top amount is  2 500 GEL. Loan without mortgage guarantees is issued for any purposes. The bank approves the loan in 30 minutes. …

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The Statement Regarding the Ownership of FINCA Bank Georgia

Finca bank

In response to a recent interview with Giorgi Gugava published on August 1, 2016, whereby Mr. Gugava (who in his interview spoke on behalf of the leaders of Labor Party) claimed that “the candidate of Georgian “Dream” party in Khobi, Goderzi Bukia, owns FINCA Bank Georgia, we are compelled to …

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Finca Bank Increased Loan and Deposit Portfolio

Finca Bank Increased Loan and Deposit Portfolio

Finca Bank increased loan portfolio by 24% (y-o-y) up to 183,5 million GEL. Deposits are grown 6 times. Former micro finance organization holds the banking license since August 6, 2013, respectively the bank started attraction of deposits from the mentioned period and it has a portfolio of 49,2 million GEL …

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FINCA Bank Became the First SMART Certified Financial Institution in Georgia

Vusal Verdiyev

  FINCA Bank Georgia announced it has received Client protection Certification by the SMART Campaign, a global initiative that certifies the adoption of the high ethical standards in the treatment of clients in the microfinance industry. FINCA Bank Georgia became the first SMART certified financial institution in the country. “We …

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