As of the first quarter of 2023, total assets of Basisbank exceeded GEL 3 billion, and the loan portfolio amounted to GEL 2 billion.
Basisbank is in the top three by loan portfolio of legal entities. The loan portfolio amounted to GEL 1.15 billion. In the first quarter of 2023, the growth of the portfolio amounted to GEL 86 million, which is 7.5% higher than the previous year. The volume of loans to individuals amounted to GEL 886 million.
The deposit portfolio of Basisbank increased by GEL 275 million to GEL 1.9 billion compared to the same period of the previous year. Among these, the increase of deposits of legal entities amounted to GEL 261 million, and that of the deposits of individuals - GEL 14 million.
As of March 31, net profit of Basisbank amounted to GEL 12 million.
"The growth of Basisbank's financial indicators is the result of the Bank's correct risk policy and sound loan portfolio. We continue to provide customers with the most customized banking products and the best services, supporting the successful implementation of their financial plans. It is of utmost importance to us that with a 30-year history in the market, Basisbank firmly holds the position as one of the leaders in providing access to finance in the country," said David Tsaava, General Director of Basisbank.
