July 30, 2016 1:10 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

Key Executives for Joint Stock Company Liberty Bank

Executive Chairman
Age: 46
Chief Financial Officer
Deputy Chief Executive Officer and Director of Retai lBanking
Deputy Chief Executive Officer and Director of Corporate & Merchant Banking
Director of Liberty Securities
Compensation as of Fiscal Year 2016.

Joint Stock Company Liberty Bank Key Developments

Joint Stock Company Liberty Bank, Annual General Meeting, Jun 10, 2016

Joint Stock Company Liberty Bank, Annual General Meeting, Jun 10, 2016, at 10:00 Georgian Standard Time. Agenda: To consider the approval of the 2015 audited consolidated IFRS financial statement of the bank; to consider the determination of the record date for the pay-out of dividend for the year 2015; to consider the approval of the CPS dividend pay-out for the year 2015; to consider the approval of the share dividend pay-out for the year 2015; and to consider the other items.

Joint Stock Company Liberty Bank, Special/Extraordinary Shareholders Meeting, Mar 14, 2016

Joint Stock Company Liberty Bank, Special/Extraordinary Shareholders Meeting, Mar 14, 2016, at 10:00 US Eastern Standard Time. Location: Liberty Tower, 6th floor, 74 I.Chavchavadze Avenue Tbilisi, 0162 GE United States Agenda: To consider determination and approval of the annual remuneration of the independent member of the Supervisory Board, Martin Paul Graham, in the amount of GEL 260,000 gross, with such annual remuneration payable monthly in twelve equal installments simultaneously with the monthly payroll run of the Bank.

JSC Liberty Bank Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year of 2015

JSC Liberty Bank announced consolidated earnings results for the fourth quarter and full year of 2015. For the quarter, the company reported net interest income decreased by 3.1% quarter- on quarter and increased by 17.5% year-on-year to $35.3 million. Interest income decreased by 1.0% quarter-on-quarter and increased by 8.2% year-on-year to $65.4 million in fourth quarter. Total operating income reached $46.4 million, a decrease of 1.6% quarter-on-quarter. and an increase of 15.8% year-on-year. Normalised net operating income of $16.5 million, a decrease of 17.3% quarter-on-quarter and an increase of 8.5% year-on-year. Pretax profit decreased by 3.7% quarter-on-quarter and increased by 29.4% year-on-year to $8.8 million. Net income reached $10.0 million, up 28.9% quarter-on-quarter and 34.8% year-on-year. For the year, the company reported Net Interest Income increased in 2015 by 22.4% year-on-year to $138.0 million. Interest Income increased by 14.2% year-on-year to $256.6 million in 2015, whereas interest expense increased by 6.0% year-on-year in 2015 to $118.6 million. Total operating income in 2015 reached $180.0 million, an increase of 22.2% year-on-year. Normalised net operating income of $72.6 million in 2015, an increase of 28.9% year-on-year. Pretax profit increased in 51.9% year-on-year to $34.2 million. Net income in 2015 reached $31.6 million, up 44.9% year-on-year. ROAE of 23.7% and ROAA of 2.1%.

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Recent Private Companies Transactions

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