Tbilisi (GBC) - "Silk Bank" has increased lending. As of Q1/2024, with a portfolio of 71 million GEL, it is second from the lowest, ahead of digital "Paysera".
"Silk Bank" ended Q1 with a loss of 1.3 million GEL.
The management explains the negative trend of recent years with the withdrawal of BTA Bank (Kazakhstan) from the shareholders' structure. The bank has been making losses for several years, and if it continues like this, it will be forced to raise more resources to meet regulatory capital requirements. This is mentioned in the emission prospectus.
The bank will direct the resources raised by the issue of 10 million to secondary capital. Before that, the shareholders increased the authorized capital by 9.8 million GEL by issuing 98,000 shares.
As of Q1/2024, Silk Bank's deposit portfolio is up to 114 million GEL. From this, foreign currency deposits are equivalent to 91 million GEL.
Q1.2024 ₾ | ||
Assets | 180 483 100 | |
Loans | 71 101 092 | |
Retail | 17 807 141 | |
Deposits | 113 851 262 | |
capital | 72 746 400 | |
Net(Loss) | (1 318 433) | |
₾₾₾₾₾₾₾₾ | ₾₾₾ ₾ |