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Tag Archives: profit

VTB Bank Advances in Rating of Billionaire Banks

VTB Bank Advances in Rating of Billionaire Banks

VTB Bank has  moved to the 4th position in the rating of billionaire commercial banks and surpassed Cartu Bank after Bank Republic. The bank’s assets in the second quarter rose by 2.8%. The loans portfolio increased by 5.7% quarter on quarter. In the first half of 2016 VTB Bank’s profits …

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Liberty Bank Ends February in High Profits

Liberty BankLiberty Bank

Liberty Bank has ended the month of February in high profits. The ROE marked 6.68% and the ROA amounted to 66%. Liberty Bank capital stock constituted 153.7 million GEL as of March 1, 2016. The bank ranks fourth in terms of assets with a 5.9% ratio.  1.03.16  000GEL Profits  1 …

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Cartu Bank’s Profit Approaches GEL 35 mln

CartuBank

“Cartu Bank” received profit of 35 million GEL in 10 months and its share is determined by 8,7% among the profitable banks. As of November 1, deposit portfolio (without banking deposits) amounts to 510 million GEL (01.11.14 – 289,4 million), loans – exceed 844 million GEL (01.11.14 – 449 million). Respectively, …

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Commercial Banks’ Profits Hit All-Time Maximum in 2015

Commercial Banks

GEL Exchange Rate Volatility Has Also Fueled a Growth in Profits of Commercial Banks, Besides the Development. At the end of 2015 the sector’s net profits will exceed 0.5 billion GEL to hit a historical maximum. An analysis of financial indicators of commercial banks shows the GEL exchange rate volatility …

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Samsung Surprises withThird-Quarter Profit Forecast

samsung

South Korean tech giant Samsung Electronics expects its third-quarter operating profit to beat market forecasts on the back of strong semiconductor sales. It forecasts that operating profit jumped nearly 80% from a year ago to 7.3 trillion won ($6.29bn; £4.13bn). The guidance figures for the three months to September exceeded …

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Gazprom’s Profit Grew by Approx. 50% in Past Six Months

gazprom

Russian state oil company Gazprom’s net profit has grown by approximately 50% in the past six months, amounting to 691 billion rubles, compared to the same period of 2014. Gazprom’s impressive profit boost can be observed in its latest financial report for June 2015. The rise in Gazprom’s revenue is partly …

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Silk Road Bank fixed 2.4mln GEL profit in 7 Months

By August 1, Clients’ deposits (without banks’ deposits) amounted to 24, 1 million lari, credit portfolio was defined by 19, 3 million lari, of it 88% – 16, 9 million lari accounts for foreign currency. Reserves are defined by 2, 4 million lari and 12% of portfolio. Assets of the bank …

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