06.May .2021 14:30

Who are the owners of Georgian Commercial Banks?

Who are the owners of Georgian Commercial Banks?
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Georgian banking sector has a lot of 58,150,000,000 GEL, which is more than Georgia’s Gross Domestic Product.

All commercial banks operating in the country have already submitted financial results to the NBG for Q1 2021, which provides information on their assets, owners and profit / loss.

List of The Owners Of Georgian Commercial Banks By Asserts:

1. TBC Bank – Total assets of 22.65 billion GEL

List of beneficiaries, who directly or indirectly own more than 5% of shares:

1) Mamuka Khazaradze – 8,63%
2) Dunross & Co. - 7,41%
3) Badri Japaridze – 5,99%
4) European Bank for Reconstruction and Development - 5,05%

Net profit of the Bank – 159.9 million GEL in Q1 2021.

2. Bank of Georgia – total assets of 20.88 billion GEL;

List of beneficiaries, who directly or indirectly own more than 5% of shares:

1) Georgia Capital JSC - 19,90%
2) Fidelity Investments - 6,54%

Net profit of the bank in Q1 2021 – 192.4 million GEL.

3. Liberty Bank – total assets of 2.72 billion

List of beneficiaries, who directly or indirectly own more than 5% of shares:

1) Irakli Otar Rukhadze – 30.66%
2) Benjamin Albert Marson – 30.66%
3) Igor Alekseev – 30.66%;

Net profit of the bank in Q1 2021 – 10.6 million GEL.

4. VTB Bank Georgia – total assets of 2.12 billion GEL

List of beneficiaries, who directly or indirectly own more than 5% of shares:

Russian Federation (state-owed) – 59.34%

Net profit of the bank in Q1 2021 – 5.14 million GEL

5. ProCredit Bank – total assets of 1.91 billion GEL

List of beneficiaries, who directly or indirectly own more than 5% of shares:
Zeitinger Invest GmbH - 17%
KfW - Kreditanstalt für Wiederaufbau - 13.20%
DOEN Participaties BV - 12.50%
IFC - International Finance Corporation - 10%
TIAA-Teachers Insurance and Annuity Association - 8.60%
Net profit of the bank in Q1 2021 – 9.75 million GEL

6. Basis Bank – total assets of 1.70 billion GEL
List of beneficiaries, who directly or indirectly own more than 5% of shares:
Mi Enkhva – 91.56%
Mi Zaiqi – 6.92%
Bank’s net profit in Q1, 2021 – 7.15 million GEL.

7. Cartu Bank – total assets of 1.45 billion GEL
List of beneficiaries, who directly or indirectly own more than 5% of shares:
Uta Ivanishvili – 100%

Bank’s net profit in Q1, 2021 – 8.6 million GEL

8. Ceredo Bank - total assets of 1.39 billion GEL
List of beneficiaries, who directly or indirectly own more than 5% of shares:
1 CDC Group PLC (UK) 7,12%
2 European Investment Bank (Luxembourg) 7,12%
3 International Finance Corporation (USA) 8,96%
4 Kreditanstalt für Wiederaufbau (Germany) 7,65%
5 LFS Advisory GmbH (Germany) 14,31%
6 Dr. Bernd Zattler (Germany) 8,59%
7 Omidyar Tufts Microfinance Fund (USA) 6,75%
Bank’s net profit in Q1, 2021 – 7.5 million GEL

9. Terabank – total assets of 1.33 billion GEL
List of beneficiaries, who directly or indirectly own more than 5% of shares:
1. H. H. Sheikh Nahayan Mabarak Al Nahayan – 65%
2. H. H. Sheikh Mansur Bin Zayed Bin Sultan Al Nahayan – 15%
3. H. E. Sheikh Mohamed Buti Al Hamed – 15%
4. LTD. Investment Trading Group – 5%
Net profit of the bank in Q1 2021 – 6.9 million GEL

10. Halyk Bank Georgia – total assets of 673 million GEL
List of beneficiaries, who directly or indirectly own more than 5% of shares:

Timur Kulibaev - 32%
Dinara Kulibaeva - 32%

Net profit of the bank in Q1 2021 – 3.6 million GEL

11. Pasha Bank Georgia – total assets of 472 million GEL

List of beneficiaries, who directly or indirectly own more than 5% of shares:

1 Arif Pashayev - 19.1%
2 Arzu Aliyeva - 35.1%
3 Leila Aliyeva - 35.1%
4 Mir Jamal Pashaev - 10.7%

Bank’s net loss in Q1 2021 – 1.3 million GEL

12. Is Bank – total assets of 345 million GEL
List of beneficiaries, who directly or indirectly own more than 5% of shares:
1)Pension Fund of IS Bank Turkey - 37.08%
2)Republican People's Party of Turkey - 28.09%

The net profit of the bank in Q1 2021 - 2.4 million GEL.

13. Finca Bank – total assets of 279 million GEL

List of beneficiaries, who directly or indirectly own more than 5% of shares:
FINCA Microfinance Holding Company LLC (Delaware, USA) 99 Voting right of FINCA Microfinance Coöperatief U.A.;
FINCA International, Inc (New York, USA) 62.89% of FINCA Microfinance Holding Company LLC (Delaware, USA);
International Finance Corporation (IFC) 14.27% of FINCA Microfinance Holding Company LLC (Delaware, USA);
KfW 8.87% of FINCA Microfinance Holding Company LLC (Delaware, USA);
FMO (Nederlandse Financierings Maatschappij voor Ontwikkelingslanden N.V) 7.25% of FINCA Microfinance Holding Company LLC (Delaware, USA);

Net loss of the bank in Q1 2021 – 0.3 million GEL

14. Ziraat Bank – total assets of 127 million GEL

List of shareholders, who hold 1% or more of the chartered capital:

JSC Ziraat Bank of the Republic of Turkey - 100%
Net profit of the bank in Q1 2021 - 0.2 million GEL

15. Silk Road Bank – total assets of 81.4 million GEL

List of beneficiaries, who directly or indirectly own more than 5% of shares:

1. Giorgi Ramishvili – 61,90%
2. Alex Topuria – 28,58%
3. David Borger – 9,52%

Loss of the bank in Q1 2021 – 1 million GEL.