About Civil.ge
Eng | Geo | Rus
Last updated: 03:38 - 26 Jul.'14
 
RSS
Mobile
Twitter
Facebook
Bank of Georgia Buys Ukrainian Bank
Civil Georgia, Tbilisi / 11 Oct.'07 / 16:39

Bank of Georgia said on October 10 it had bought Universal Bank of Development & Partnership (UBDP) in Ukraine for USD 81.7 million.

UBDP, a mid-sized bank in Ukraine, holds market shares of approximately 0.22% by total assets; 0.25% by gross loans and 0.21% by total deposits, according to the National Bank of Ukraine. UBDP, which is headquartered in Kiev, currently serves approximately 20,000 retail and 2,500 corporate clients through 39 branches.

Bank of Georgia is the biggest bank in Georgia by assets, loans and deposits with a 34% market share by total assets, according to the National Bank of Georgia. It serves over 500,000 clients through a network of 104 branches.

“Given that, in addition to UBDP, we have a large and successful broker-dealer subsidiary in Ukraine, this country has genuinely become our second home market,” Lado Gurgenidze, Chairman of the Bank of Georgia Supervisory Board, said.

 

Latest News
26 Jul.'14 03:38
Govt Meets UNM MPs at Confirmation Hearings
“There is no constructive opposition in the Parliament,” PM said after meeting with UNM MPs.
25 Jul.'14 21:54
MoD Wants 11% Funding Increase in 2015
Alasania told MPs he is “optimistic” over talks on obtaining defense systems.
25 Jul.'14 14:57
NATO PA President Visits Georgia
He is holding meeting with the Georgian leadership and lawmakers in Tbilisi on July 25.
25 Jul.'14 13:05
Georgia to Contribute 750 Troops to Post-2014 Afghan Mission
A company size unit will be stationed in Mazar-i-Sharif and others will be deployed in Bagram.
24 Jul.'14 22:48
Reshuffled Cabinet to Face Parliamentary Hearings
PM will face questioning from UNM opposition lawmakers on Friday.
24 Jul.'14 19:08
Georgia's Foreign Trade in H1'14
Foreign trade increased 16% year-on-year in the first half of 2014 to USD 5.44 billion.
24 Jul.'14 16:09
Prosecutors Invite Foreign Experts to Help in Handling 'High-Profile Politically Sensitive Cases'
The move fueled speculation about possible criminal prosecution of ex-president Saakashvili.
24 Jul.'14 02:35
PM to Ministers: 'Be Bolder, Risk-Takers, Fast Decision Makers'
Garibashvili said he turns to ex-PM Ivanishvili for an advice on “strategic issues” when needed.
23 Jul.'14 20:35
Bill Cutting Maximum Term of Administrative Detention Passed with First Reading
The bill also tightens detention procedures and broadens detainees’ rights.
23 Jul.'14 14:00
Nominee for Culture Minister Named
Eastern Promotion’s co-founder and chief executive named for the post.

About Civil Georgia
Civil.Ge © 2001-2013, Daily News Online
Registered office: 2 Dolidze Str, 4-th Floor.
56