Tbilisi (GBC) – Return On Equity (ROE) has increased to Credo Bank. As of March 1, ROE totals to 19.1% (01.03.2024 – 9,015).
A former MFO’s investor earns up to 20 GEL in profit for every 100 GEL of capital.
Chartered Capital ≥1% List of shareholders |
|
Access Microfinance Holding AG (Germany) |
50,58% |
Gojo & C0mpant Inc. |
16,80% |
Societe de Promotion et de Participation pour la Cooperation Economique (Proparco) |
14,79% |
Triodos Custody B.V., Triodos Fair Share Fund (Netherlands) |
8,32% |
Triodos SICAV II, Triodos Microfinance Fund (Luxembourg) |
8,32% |
Credo's chartered capital exceeds 390 million GEL (L/Y – 311.5 million).
The bank's credit portfolio has grown by more than 27% annually. Interest income from loans has increased by 26%, up to 91.2 million GEL (L/Y – 71.9 million).
2M2025 000GEL |
2M2024 000GEL |
|
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Assets |
3 086 520 |
2 511 327 |
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Loans |
2 593 629 |
2 044 969 |
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Deposits |
1 196 228 |
850 991 |
|
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Retail |
818 050 |
623 075 |
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Net Profit |
12 434 |
4 629 |
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ROE |
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ROA |
2,43% |
1,12% |
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Source: Commercial banks