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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

VTB Bank Introduces Awesome on Mortgage Credit Market

VTB Bank has got the latest competitive loan around the mortgage crediting market. The modern products is named as Target Mortgage.

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The product enables borrowers to repay costs for sale, building, repair of real estate investment or existing mortgage.

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The loan’s rate is definitely the lowest one, VTB Bank representatives noted. The eye rate on EUR-denominated loan …

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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%.