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  

 

Assets

3 086 520

2 511 327

 

Loans

2 593 629

2 044 969

 

Deposits

1 196 228

850 991

 

Retail

   818 050

623 075

 

Net Profit

     12 434

   4 629

 

ROE

 19,41%

    9,01%

 

 

ROA

 2,43%

 1,12%

 

Source: Commercial banks