About Civil.ge
Eng | Geo | Rus
Last updated: 18:09 - 28 Aug.'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
28 Aug.'14 18:09
Georgian President, FM 'Alarmed' About Escalation in Ukraine
President calls on int’l community “to undertake joint efforts in order to prevent new war in Europe.”
28 Aug.'14 14:23
PM Garibashvili in Turkey for Erdogan's Inauguration
“Turkey is one of our major partners,” the Georgian PM said before departure to Ankara.
28 Aug.'14 12:34
Putin Meets New Abkhaz Leader
Signing of new cooperation treaty “to qualitatively increase integration” discussed, Kremlin said.
27 Aug.'14 19:13
Khajimba Speaks of Need for New Cooperation Treaty with Russia
“Every treaty needs to be revised after some time taking into consideration new realities,” he said.
27 Aug.'14 15:46
Defense Minister Visits Georgian Troops in Central African Republic
A company from the Batumi-based infantry battalion joined the EU military mission in CAR in June.
27 Aug.'14 14:57
Political Ratings in NDI-Commissioned Poll
Alasania, Garibashvili, Usupashvili top favorability ratings of politicians.
26 Aug.'14 18:13
Georgia Scraps Visa Waiver for 13 Countries
Georgia will maintain visa free rules for citizens of about 104 countries and territories.
26 Aug.'14 11:23
Georgian Healthcare Minister to Visit Ukraine
Sergeenko will arrive in Kiev to determine what kind of humanitarian assistance to provide.
26 Aug.'14 10:18
U.S. Doesn't Recognize Legitimacy of Abkhaz Presidential Poll
"Our position on Abkhazia, S.Ossetia remain clear: these are integral parts of Georgia," the U.S. said.
25 Aug.'14 23:41
Khajimba Becomes New Abkhaz Leader
Khajimba narrowly avoided runoff in a presidential race, which was the fourth one for him.

About Civil Georgia
Civil.Ge © 2001-2013, Daily News Online
Registered office: 2 Dolidze Str, 4-th Floor.
55