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Banking

VTB Bank Advances in Rating of Billionaire Banks

VTB Bank has? gone to the 4th position during the rating of billionaire commercial banks and surpassed Cartu Bank after Bank Republic.

The bank’s assets inside the second quarter rose by 2.8%. The loans portfolio increased by 5.7% quarter on quarter.

In the first half 2016 VTB Bank’s profits created 9 million GEL, up 2.6 times quarter …

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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

Credit Portfolio of economic Banks Grows in June

In June 2016 the crediting portfolio of business banks (including loans issued to nonresident entities) has risen by 1.2 billion GEL (+7.8 month on month).

The exchange rate growth without effect comprised 2% month on month, using the statistics via the National Bank of Georgia (NBG).

The credit portfolio volume composed 16.4 billion GEL from July 1, …

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Banking

Bank Sector's Net Profits Grow by 37%

The Georgian bank sector’s net profits comprised 254.5 million GEL since June 1, up 37% every year.

The May net profits amounted to 74 million GEL, up 5% compared to the same time period of 2015.

Profits of 15 commercial banks comprised 271 million GEL from the January to May period, while 5 commercial banks ended the …