January 31, 2015 11:59 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 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.

JSC Liberty Bank Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months of 2013

JSC Liberty Bank announced unaudited consolidated earnings results for the third quarter and nine months of 2013. For the quarter, the company reported interest income of $24,561,717 against $20,198,446 a year ago. Net interest income was $8,917,744 against $8,929,614 a year ago. Net fee and commission income was $3,609,448 against $3,389,393 a year ago. Net income from documentary operations was $82,192 against $198,559 a year ago. Net income from foreign exchange & translation operations was $1,225,074 against $1,157,325 a year ago. Total operating income was $13,984,058 against $13,849,829 a year ago. Normalized net operating income was $2,668,584 against $3,644,567 a year ago. Pre-tax profit was $3,527,306 against $371,501 a year ago. Net income was $2,996,911 against $316,001 a year ago. Cash flows from operating activities before changes in operating assets and liabilities were $16,118,084 against $6,942,608 a year ago. ROAA was 1.63% against 0.24% a year ago. ROAE was 18.32% against 2.79% a year ago. For the nine months, the company reported interest income of $67,040,574 against $57,354,191 a year ago. Net interest income was $23,865,803 against $24,676,444 a year ago. Net fee and commission income was $9,897,255 against $14,438,063 a year ago. Net income from documentary operations was $219,127 against $538,991 a year ago. Net income from foreign exchange & translation operations was $2,966,552 against $2,660,301 a year ago. Total operating income was $37,450,263 against $42,764,827 a year ago. Normalized net operating income was $5,613,197 against $13,303,182 a year ago. Pre-tax profit was $4,601,554 against $4,028,546 a year ago. Net income was $3,906,524 against $1,221,929 a year ago. Cash flows from operating activities before changes in operating assets and liabilities were $28,974,300 against $17,735,063 a year ago. ROAA was 0.81% against 0.32% a year ago. ROAE was 8.29% against 3.57% a year ago.

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