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Dividends declared (per SOCE filings): FY2022 0 · FY2023 0 · FY2024 0
Tbilisi-headquartered commercial bank established in 2001, focused on corporate banking and SME finance. Ranked 14th in Georgia by assets in 2024 with around 0.23% market share.
| Line item | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | CAGR |
|---|---|---|---|---|---|---|---|---|---|
| 2,004 | 3,650 | 4,715 | 4,285 | 3,334 | 3,441 | 4,130 | 6,517 | +18.3% | |
| Net fee and commission income | 405 | 524 | 334 | 268 | 414 | 89 | 17 | 49 | -26.0% |
| 0 | 262 | 442 | 1,108 | 3,098 | 405 | 523 | 2,375 | +44.4% | |
| 873 | 152 | 598 | 1,385 | 1,759 | 410 | 101 | 304 | -14.0% | |
| Operating income | 1,536 | 4,284 | 6,089 | 4,830 | 5,087 | 3,525 | 4,771 | 8,637 | +28.0% |
| 2,370 | 6,566 | 5,529 | 5,061 | 6,546 | 7,383 | 11,323 | 21,799 | +37.3% | |
| Operating income before cost of risk | 834 | 2,282 | 560 | 231 | 1,459 | 3,858 | 6,552 | 13,162 | +48.3% |
| Cost of risk | 0 | 0 | 86 | 850 | 485 | 469 | 592 | 1,207 | +69.6% |
| Profit before income tax | 4,259 | 5,215 | 648 | 1,081 | 974 | 3,389 | 7,144 | 14,369 | +19.0% |
| Income tax expense | 39 | 528 | 184 | 11 | 55 | 537 | 149 | 2,953 | +85.5% |
| Profit | 4,220 | 4,687 | 464 | 1,070 | 919 | 3,926 | 7,293 | 11,416 | +15.3% |
| Net profit margin | 274.7% | 109.4% | 7.6% | 22.2% | 18.1% | 111.4% | 152.9% | 132.2% |
Shareholders, directors and group links from the companyinfo.ge public register — as filed, so stakes need not sum to 100% where a holding is undisclosed.
Ownership & directors from companyinfo.ge (public corporate registry).
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