ID 205034639 · FY 2017–2024 · 8 years
Rico Express LLC is one of Georgia's largest microfinance organisations, operating under NBG MFO licence rather than a bank licence. It provides consumer loans, pawn-shop lending (gold-backed) and money-transfer services across a broad branch network.
curated 2026-06-03rico.genbg.gov.ge
| Line item | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Net interest income | 30,117 | 41,292 | 44,816 | 47,298 | 57,788 | 67,314 | 76,562 | 86,769 | +16.3% |
| Net fee and commission income | 0 | 0 | 4,935 | 6,064 | 7,204 | 8,481 | 6,877 | 5,374 | +1.7% |
| Net foreign currency gain / (loss) | -3,345 | 546 | 5,970 | 14,142 | 8,892 | 35,709 | 19,273 | 16,234 | nmf |
| Net other income | 0 | 0 | 0 | -2,525 | -5,046 | -19,189 | -7,995 | -2,740 | +2.1% |
| Operating income | 26,772 | 41,838 | 55,721 | 64,979 | 68,838 | 92,315 | 94,717 | 105,637 | +21.7% |
| Operating expenses | -222 | -8,318 | -13,817 | -14,858 | -20,128 | -26,743 | -33,690 | -43,073 | nmf |
| Operating income before cost of risk | 26,550 | 33,520 | 41,904 | 50,121 | 48,710 | 65,572 | 61,027 | 62,564 | +13.0% |
| Cost of risk | 0 | 0 | -4,081 | 330 | 51 | -3,016 | 2,411 | -265 | -42.1% |
| Profit before income tax | 33,851 | 33,944 | 36,240 | 50,451 | 48,761 | 62,556 | 63,438 | 62,299 | +9.1% |
| Income tax expense | -4,785 | -5,358 | -6,421 | -7,209 | -7,484 | -10,154 | -13,668 | -12,594 | +14.8% |
| Profit | 29,066 | 28,586 | 29,819 | 43,242 | 41,277 | 52,402 | 49,770 | 49,705 | +8.0% |
| Net profit margin | 108.6% | 68.3% | 53.5% | 66.5% | 60.0% | 56.8% | 52.5% | 47.1% |
Ownership & directors from companyinfo.ge (public corporate registry).