Details

  • Service: Advisory
  • Industry: Financial Services, Banking
  • Type: Benchmarking study, Survey report
  • Date: 4/2/2013

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Georgian Banking Sector Overview 

Information in the report is based on the four largest commercial banks in Georgia: Bank of Georgia (BOG), TBC Bank (TBC), ProCredit Bank, Liberty Bank (LB)

 

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This report summarizes and analyzes the financial results of the four largest commercial banks (which account for approximately 75% of the total Georgian banking assets) for the year of 2012, as well as provides some insights into the recent developments in the sector.

 

The financial information has been obtained solely from the published audited report of TBC Bank (TBC) for the period ended 31 December 2012, dated 1 March 2012, press releases from Liberty Bank and ProCredit Bank and an official announcement by the Bank of Georgia (BOG) for the year of 2012. We have used simple headline numbers in our analysis unless stated otherwise; each bank has its own way of reporting performance and this has proved to be the most consistent method of presenting their results.

 

The main sources of information are from the official websites (www.tbc.ge, www.procreditbank.ge, www.libertybank.ge) of the banks and as well as the official press release (www.hemscottir.com) published by various news agencies.

 

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