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Banking

Fitch Sees Chances of Georgian Banking Market\’s Close Down

Fitch focuses attention on dominance present in large institutions, TBC Bank and Bank of Georgia,?following acquiring Societe Genreale by TBC Bank at 300 million.

In her interview when using the FINANCIAL, Olga Ignatieva, Senior Director at Fitch Ratings CIS Ltd notes, that TBC Bank and Bank of Georgia, capturing over 60% in …

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Banking

TOP-3 Commercial Banks when it comes to Deposits Placement

70% of retail and company deposits happen to be placed at three commercial banks and total portfolio exceeds 1 billion USD.

A big part of retail and company depositors show trust to TBC Bank and Bank of Georgia.

 
 
01.09.16
01.08.16

1
Bank of Georgia
4 680 119
4 782 364

2
TBC Bank
4 337 690
4 258 678

3
Liberty Bank
1 276 801
1 302 827

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Banking

Rating of economic Banks because of Assets, Bank of Georgia is Leader

The Georgian bank sector’s assets have declined by 1 billion GEL month on month, after Bank of Georgia lost assets to 8.7 billion GEL from 9.5 billion GEL.

According on the National Bank of Georgia (NBG), your banker sector’s assets composed 25.7 billion GEL in September 1, 2016 (26.7 billion GEL from August 1, …

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Banking

It's The perfect time to Transform Commercial Banks into Investment Banks in Georgia

“It’s best time to remodel commercial banks into investment ones in Georgia,”President\’s economic advisor, told the company Contact.

Maia Melikidze has evaluated the buying of Bank Republic?and stated that market still remains two large players like TBC and Bank of Georgia.?As for her to your better growth?of the nation, the introduction of investment banks is essential.

“The …

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Banking

Rating of economic Banks regarding Crediting Industry Sector

The ratio of industry sector crediting altogether loan portfolio has expanded by 11.7% year on year.

In January-June 2016 precisely this component inside portfolio of legal entities constructed 23.9% (22.3% in January-June 2015).

Total portfolio makes up about 1.823 billion GEL (1.628 billion GEL in H1/15; +12% year on year).

Bank of Georgia receives major revenues from loans …

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Banking

Bank of Georgia Starts Issuing of European Loans

Bank of Georgia starts issuing of European business loans so that you can enable entrepreneurs to export their items at the European market.

According towards bank, history of credit of 220 million GEL removed from European Bank for Reconstruction and Development (EBRD) gives opportunity of development and expansion to your business, existing in Georgia.

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Banking

Deposits Yield Drops to Historical Bottom

Deposits yield has dropped to historical minimum. The eye rate has zeroed on currency demand deposit.

Liberty Bank provides highest yield on GEL- and USD-denominated deposits with 1-year maturity period.

 
 
GEL
USD-EUR

1
Liberty Bank
10,5%
4%1,5%

2
Bank Republic
9,5%
3,5%1%

3
Bank of Georgia
8,0%
3,5%2%

4
TBC Bank
8,0%
3,5%2%

5
ProCredit Bank
7,0%
3,5%2%

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Banking

Deposits Placed in the Banking Sector are Reduced by 235 Mln

The amount of deposits weakens towards banking sector.

As of September 1, the deposit volume totals to 14, 6 billion GEL (-1,6% m-o-m) in the cost demand deposit decline.?Term deposits are grown by 5.Two million GEL, demand deposits are reduced by 240 million GEL.?As outlined by NBG, larization ratio within the portfolio is 31.15%. …

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Banking

Ratio of Bad Loans in Bank Sector Grows

The ratio of bad loans has grown in your pocketbook sector, even so the indicator still remains at low-level and accounts for 3.8% adjusted June 1.

The volume of bad loans is liable for 579 million GEL (561 million GEL since May 1, 2016).?Loans (nonstandard, doubtful, bad) are regulated by reserves of 30%, 40% and 100%.

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