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February 10, 2016 3:34 PM ET

Banks

Company Overview of Joint Stock Company Liberty Bank

Company Overview

Joint Stock Company Liberty Bank provides various banking products and services. It accepts deposits from the public and grants credit, transfers payments, exchanges currencies, and provides other banking services to its retail and corporate 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 individ...

Liberty Tower

74 I. Chavchavadze Avenue

Tbilisi,  0162

Georgia

Founded in 1993

Phone:

995 32 255 55 00

Fax:

995 32 255 55 04

Key Executives for Joint Stock Company Liberty Bank

Chief Executive Officer and Chief Operating Officer
Executive Chairman
Age: 45
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 2015.

Joint Stock Company Liberty Bank Key Developments

Joint Stock Company Liberty Bank, Special/Extraordinary Shareholders Meeting, Dec 18, 2015

Joint Stock Company Liberty Bank, Special/Extraordinary Shareholders Meeting, Dec 18, 2015, at 10:00 US Eastern Standard Time. Location: Liberty Bank head office at Liberty Tower, 6 floor 74 I.Chavchavadze Avenue, 0162 Tbilisi Georgia Agenda: To elect the Nurlan Abduov to the supervisory board of the bank; and to continue service of Vladimer Gurgenidze as the executive chairman of the bank.

Joint Stock Company Liberty Bank Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Joint Stock Company Liberty Bank announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter the company reported net interest income was $14,913,452 compared to $16,048,372 for the same period a year ago. Total operating income was $19,431,392 compared to $20,770,826 for the same period a year ago. Pre-tax profit was $3,532,317 compared to $2,705,041 for the same period a year ago. Net Income was $2,998,299 compared to $2,719,107 for the same period a year ago. Cash flows from operating activities before changes in operating assets and liabilities was $8,849,255 compared to $8,966,958 for the same period a year ago. Return on Average Total Assets (ROAA) was 1.78% compared to 1.34% for the same period a year ago. Return on Average Total Equity (ROAE) was 20.22% compared to 15.93% for the same period a year ago. For the first half, the company reported net interest income was $30,434,741 compared to $30,074,189 for the same period a year ago. Total operating income was $39,700,074 compared to $39,084,810 for the same period a year ago. Pre-tax profit was $7,415,007 compared to $4,918,473 for the same period a year ago. Net income was $6,297,352 compared to $4,765,775 for the same period a year ago. Cash flows from operating activities before changes in operating assets and liabilities was $21,727,787 compared to $15,844,367 for the same period a year ago. Return On Average Total Assets (ROAA) was 1.81% compared to 1.21% for the same period a year ago. Return on Average Total Equity (ROAE) was 20.75% compared to 14.14% for the same period a year ago. As of 30 June 2015 basic book value per ordinary share 0.0107.

JSC Liberty Bank Reports Consolidated Unaudited Earnings Results for the First Quarter of 2015

JSC Liberty Bank reported consolidated unaudited earnings results for the first Quarter of 2015. For the quarter, net interest income increased by 7.3% quarter on quarter and 31.5% year on year to GEL 32.3 million, driven mainly by the growth of the loan book. Interest Income increased by 1.2% quarter on quarter and 21.0% year on year to GEL 61.1 million. Net fee and commission income was GEL 6.9 million, a decrease of 4.7% quarter on quarter and an increase of 17.2% year on year. Total operating income reached GEL 42.1 million, an increase of 5.2% quarter on quarter and 31.6% year on year. Normalized net operating income was GEL 17.7 million, an increase of 16.2% quarter on quarter and 58.3% year on year. PreProvision Operating Profit increased by 14.3% quarter on quarter and by 54.1% year on year to GEL 17.3 million. PreTax profit increased by 18.6% quarter on quarter and 109.1% year on year to GEL 8.1 million. Net income was GEL 6.9 million, down 7.8% quarter on quarter and up 92.2% year on year.

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