OREANDA-NEWS. December 04, 2012. Assets of International Bank of Azerbaijan - Georgia (IBA-Georgia) amounted to GEL 128.7 million as of 1 October 2012 with an increase of 28.13% compared to the same period of 2011, reported the press-centre of IBA.   

IBA’s press service informs that IBA-Georgia’s loan portfolio totaled GEL 97.7 million versus GEL 57.1 million for the first 3 quarters of 2011, and therefore, the annual growth rate reached 71.3%.

The positive trend of increasing the number of bank’s customers remains. Thus, the number of businesses and individuals which are clients of the bank as of 1 October 2012 was 1,462 (year’s growth of 37.5%). Bank’s deposit portfolio grew by 35% and reached GEL 89.2 million.

IBA-Georgia’s net income amounted to GEL 4.3 million by 1 October 2012 against GEL 1.05 million as of 1 October 2011.

Bank’s authorized capital as of 1 October 2012 amounted to GEL 22.7 million.

IBA-Georgia OJSC got the state and tax registration in 2006. Later, on 7 February 2007 the National Bank of Georgia licensed IBA-Georgia for start of banking operations.