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Banking

Rating of Commercial Banks resulting from Coefficient of Liquid Funds

Basisbank and VTB Bank record very high coefficient of liquid funds when it comes to assets.

TOP-8 (Liquid assets/total assets)

?
?
H1/16 %
H1/15%

1
Basisbank
32.83
21.06

2
VTB Bank
27.57
25.51

3
Bank of Georgia
25.88
19.74

4
Bank Republic
22.94
18.74

5
ProCredit Bank
22.52
18.61

6
TBC Bank
21.84
19.86

7
Terra Bank
20.52
21.95

8
Cartu Bank
20.1
22.79

As of 1H16, liquid assets (excluding main securities) totaled 4 583 billion GEL (Q1/16 C 4.597 billion). Annual growth marked 15% (H1/15 C 3.972 billion).

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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

EBRD Senior Banker: EBRD will keep 4% Stake after Merger of Basisbank and Bank Republic

Amalgamation of Basisbank and Bank Republic can establish a completely new successful player, the EBRD senior banker said.

At one time, Irakli Mekvabishvili stressed which the mentioned commercial banks have expressed intention for merger plus the regulatory body has not issued a due permission yet.

Mekvabishvili approved the fact that EBRD will keep a 4% stake following …

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Banking

Hualing Group Goes into Preliminary Agreement to accumulate Majority Stake of Bank Republic

The Chinese Xinjiang Hualing Industry and Trade (Group) Co., Ltd. (Hualing Group) signed a?preliminary agreement using the Societe Generale Group plus the European Bank for Reconstruction?and Development (EBRD), for the buying of Societe Generale‘s majority stake in Bank?Republic, its Georgian subsidiary.

Hualing Group, a considerable private conglomerate headquartered in Xinjiang Uygur Autonomous Region, China?plus the largest …