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Banking

Liberty Bank Unveils Renovated Regional Branch in Kutaisi

Liberty Bank has unveiled a renovated regional branch in Kutaisi, the Imereti Region.

The new branch will give you the whole package of banking services in excess of 15 000 clients a month. You\’ll find ATMs and quick payment terminals along at the renovated regional branch and organization is competent to receive bank services without signing …

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Banking

Liberty Bank Announces Agro Loan Resumption

Liberty Bank has resumed issuing an agro loan. The bank account has smoothed procedures and increased the obligation maturity period to Many years.

Simplified procedures are determined on individual basis, because of the borrower’s credit standing. Consequently, clients may enjoy higher loan, longer grace period or lower rates of interest.

Liberty Bank issues agro loans to advance …

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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

Liberty Bank Joins Breast Cancer Treatment and Prevention Campaign

Mr. Sergio Osadich, director of Avon Cosmetics Georgia, and Liberty Bank director general Mr. Aleksi Khoroshvili have concluded memorandum on cooperation.

Under the memorandum, Liberty Bank will join Avon’s campaign that involves updating the general public on cancer of the breast treatment and prevention measures. Additionally, Avon company will provide no cost consultations, echoscopy …

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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

Liberty Bank to pay Utility Payments to Orphanages

Liberty Bank has announced for the next social activity.?Liberty Bank took patronage of small orphanages.

As on the memorandum, Liberty Bank makes sense utility payments to a number exceeding 50 small orphanages from July 1 to December 31.?It ought to noted, that 325 children leave in small family-type orphanages. The orphanages are operating in Tbilisi and …

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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%.