About Civil.ge
Eng | Geo | Rus
Last updated: 14:32 - 20 Apr.'18
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
20 Apr.'18 14:32
Parliament Adopts Changes to Party Funding Rules
The legislation enables the Industrialist party to receive the annual budgetary funding worth over GEL 600,000.
20 Apr.'18 10:20
EU: ‘Deep Concern’ over Human Rights Situation in Abkhazia, S.Ossetia
The EU Delegation to CoE issued a statement in response to the Secretary General’s report on Georgia.
19 Apr.'18 17:29
Majority Group Meeting over Internal Dispute Postponed
The ruling Georgian Dream party lawmakers will convene for a meeting tentatively on April 21.
19 Apr.'18 14:55
Georgia’s Foreign Trade in Q1’18
Georgia’s trade turnover increased by 23.3% y/y in January-March 2018, reaching USD 2.8 billion.
19 Apr.'18 11:51
PM Appoints New Parliamentary Secretary
Natia Mikeladze replaced Shalva Tadumadze, who was appointed as new government administration head.
19 Apr.'18 10:23
Georgian Detained Near Tskhinvali Released
Tamaz Iluridze, a resident of village Plavismani, was reportedly detained by Russian FSB officers.
18 Apr.'18 18:56
Ruling Party MPs to Convene over Internal Dispute
The Georgian Dream’s majority group in the Parliament will hold a meeting tomorrow evening.
18 Apr.'18 15:23
Political Row Continues over Controversial Presidential Pardoning Practices
Giorgi Margvelashvili accuses the ruling and the opposition parties of a concerted campaign against him.
18 Apr.'18 13:11
Activists Protest Detention of Georgian, Threaten to Block Passage to Cars with Russian Registration
Tamaz Iluridze, a resident of village Plavismani, was reportedly detained by Russian FSB officers.
17 Apr.'18 17:42
President Responds to Criticism over Pardoning Practices
President Giorgi Margvelashvili temporarily suspends pardoning of prisoners convicted of violent crimes.

About Civil Georgia
Civil.Ge © 2001-2018, Daily News Online
Registered office: 2 Dolidze Str, 4-th Floor.
81