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Dividends declared (per SOCE filings): FY2022 0 · FY2023 0 · FY2024 0
JSC Cartu Bank is a Georgian commercial bank founded in 1996 by Bidzina Ivanishvili and historically tied to the Cartu Group family of companies. It focuses on corporate and SME lending, trade finance and high-net-worth private banking, with a small branch network compared to BoG/TBC but a sizeable corporate loan book.
| Line item | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | CAGR |
|---|---|---|---|---|---|---|---|---|---|
| 42,633 | 60,995 | 63,619 | 59,557 | 59,214 | 53,770 | 70,138 | 76,563 | +8.7% | |
| Net fee and commission income | 1,464 | 441 | 278 | 1,126 | 1,794 | 2,258 | 2,441 | 3,887 | +15.0% |
| 0 | 3,959 | 8,412 | 19,082 | 5,200 | 7,387 | 6,112 | 12,384 | nmf | |
| Operating income | 44,097 | 57,477 | 72,309 | 79,765 | 55,808 | 48,641 | 78,691 | 92,834 | +11.2% |
| 14,554 | 22,278 | 30,377 | 21,887 | 25,133 | 25,964 | 34,271 | 35,183 | +13.4% | |
| Operating income before cost of risk | 29,543 | 35,199 | 41,932 | 57,878 | 30,675 | 22,677 | 44,420 | 57,651 | +10.0% |
| Cost of risk | 0 | 61 | 1,187 | 49,280 | 652 | 19,819 | 2,137 | 12,682 | nmf |
| Profit before income tax | 56,666 | 32,518 | 26,153 | 8,598 | 30,023 | 42,496 | 46,557 | 44,969 | -3.2% |
| Income tax expense | 6,948 | 6,314 | 3,839 | 1,234 | 3,366 | 14,524 | 10,891 | 8,617 | +3.1% |
| Profit | 49,718 | 26,204 | 22,314 | 9,832 | 26,657 | 27,972 | 35,666 | 36,352 | -4.4% |
| Net profit margin | 112.7% | 45.6% | 30.9% | 12.3% | 47.8% | 57.5% | 45.3% | 39.2% |
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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