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May 23, 2015 1:18 PM ET

Banks

Company Overview of JSC Liberty Bank RBG

Company Overview

JSC Liberty Bank provides various banking products and services. It accepts deposits from the public and extends credit, transfers payments, exchanges currencies, and provides other banking services to its commercial and retail customers. The company’s Retail Banking segment handles individual customers’ deposits; and provides consumer loans, overdrafts, credit cards facilities, and funds transfer facilities. Its Corporate and SME Banking segment offers loans and other credit facilities, deposits, and current accounts for corporate and institutional customers. The company’s Private Banking segment provides private banking and wealth management services to high net worth individuals. JSC Libe...

Liberty Tower

74 I. Chavchavadze Avenue

Tbilisi,  0162

Georgia

Phone:

995 32 255 55 00

Fax:

995 32 255 55 04

Key Executives for JSC Liberty Bank RBG

Chief Executive Officer and Chief Operating Officer
Executive Chairman
Age: 44
Chief Financial Officer
Deputy Chief Executive Officer and Director of Retai lBanking
Deputy Chief Executive Officer and Director of Corporate and Merchant Banking
Compensation as of Fiscal Year 2014.

JSC Liberty Bank RBG Key Developments

JSC Liberty Bank Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full year Ended December 31, 2014

JSC Liberty Bank reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company's interest income was $33,777,351 compared to $28,063,085 a year ago. Net interest income was $16,644,597 compared to $11,710,610 a year ago. Total operating income was $22,069,578 compared to $16,631,223 a year ago. Pre-tax profit was $3,438,497 compared to $4,642,167 a year ago. Net income was $3,972,709 compared to $6,879,044 a year ago. Cash flows from operating activities before changes in operating assets and liabilities was $8,653,130 compared to $10,712,861 a year ago. ROAA was 1.84% compared to 3.46% a year ago. ROAE was 22.40% compared to 41.78% a year ago. ROAA, normalised was 1.36% compared to 1.94% a year ago. ROAE, normalised was 16.52% compared to 23.43% a year ago. For the year, the company's interest income was $127,554,815 compared to $95,956,922 a year ago. Net interest income was $63,885,156 compared to $36,405,568 a year ago. Total operating income was $83,286,330 compared to $54,135,026 a year ago. Pre-tax profit was $12,385,196 compared to $9,284,949 a year ago. Net income was $12,171,458 compared to $10,859,745 a year ago. Cash flows from operating activities before changes in operating assets and liabilities was $37,787,201 compared to $39,699,859 a year ago. ROAA was 1.48% compared to 1.59% a year ago. ROAE was 17.53% compared to 17.08% a year ago. ROAA, normalised was 1.27% compared to 1.14% a year ago. ROAE, normalised was 15.11% compared to 12.26% a year ago.

JSC Liberty Bank Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

JSC Liberty Bank announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net interest income of $17,159,279 against $9,251,988 a year ago. Net fee and commission income was $3,769,798 against $3,275,204 a year ago. Net income from documentary operations was $60,176 against $82,192 a year ago. Net income from foreign exchange & translation operations was $991,789 against $1,225,074 a year ago. Total operating income was $22,110,570 against $13,984,058 a year ago. Normalized net operating income was $8,849,725 against $2,668,584 a year ago. Pre-tax profit was $4,025,055 against $3,527,306 a year ago. Net income was $3,409,626 against $2,996,911 a year ago. Cash flows from operating activities before changes in operating assets and liabilities were $13,338,831 against $16,118,084 a year ago. ROAA was 1.60% against 1.63% a year ago. ROAE was 18.95% against 18.32% a year ago. For the nine months, the company reported net interest income of $47,225,568 against $24,649,572 a year ago. Net fee and commission income was $10,701,302 against $9,113,542 a year ago. Net income from documentary operations was $172,586 against $219,127 a year ago. Net income from foreign exchange & translation operations was $2,672,012 against $2,966,557 a year ago. Total operating income was $61,185,879 against $37,450,326 a year ago. Normalized net operating income was $23,437,167 against $5,613,206 a year ago. Pre-tax profit was $8,937,315 against $4,601,561 a year ago. Net income was $8,171,361 against $3,906,530 a year ago. Cash flows from operating activities before changes in operating assets and liabilities were $29,161,682 against $28,974,349 a year ago. ROAA was 1.35% against 0.81% a year ago. ROAE was 15.80% against 8.29% a year ago.

JSC Liberty Bank Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014

JSC Liberty Bank announced unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported net interest income of $14,018,207 against $6,858,148 a year ago. Net fee and commission income was $3,338,148 against $2,585,664 a year ago. Net income from documentary operations was $60,020 against $66,706 a year ago. Net income from foreign exchange & translation operations was $752,412 against $840,547 a year ago. Total operating income was $18,304,740 against $10,512,153 a year ago. Normalized net operating income was $6,391,611 against $307,571 a year ago. Pre-tax profit was $2,211,582 against $131,269 a year ago. Net income was $2,044,138 against $109,418 a year ago. Cash flows from operating activities before changes in operating assets and liabilities were $6,869,547 against $6,131,762 a year ago. ROAA was 0.98% against 0.08% a year ago. ROAE was 11.25% against 0.72% a year ago.

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