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Dividends declared (per SOCE filings): FY2022 5,500 · FY2023 0 · FY2024 0 — 3-yr total 5,500
JSC Credo Bank is a Georgian microfinance-bank specialising in rural, agri and micro-SME lending. Founded as an MFI by World Vision and converted to a bank in 2017; majority-owned by ACCESS Microfinance Holding with EBRD, FMO and Triodos as IFI co-investors. ~80% of borrowers are outside Tbilisi.
| Ratio | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|
| Net Interest Margin (NIM) | 10.0% | 16.6% | 15.7% | 13.1% | 14.8% | 13.4% | 13.3% | 13.2% |
| Cost of Funds | 8.2% | 10.1% | 9.7% | 10.6% | 10.9% | 11.1% | 10.2% | 9.3% |
| Cost / Income Ratio | 34.8% | 68.0% | 62.5% | 85.9% | 71.6% | 71.3% | 76.0% | 68.2% |
| Cost of Risk | 0.0% | 0.0% | 0.0% | 3.8% | 4.5% | 3.0% | 3.0% | 2.6% |
| Net Fee Income / Operating Income | 22.9% | 14.1% | 12.3% | 18.1% | 17.2% | 15.5% | 13.1% | 13.1% |
| Return on Avg Assets (ROAA) | 3.3% | 2.9% | 3.3% | 0.9% | 2.4% | 2.3% | 1.8% | 2.5% |
| Return on Avg Equity (ROAE) | 16.7% | 16.2% | 20.9% | 6.9% | 18.9% | 18.5% | 14.4% | 20.0% |
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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