About Civil.ge
Eng | Geo | Rus
Last updated: 16:30 - 1 Oct.'16
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
01 Oct.'16 16:30
U.S. Donates Two Patrol Boats to Georgian Coast Guard
Two Island-class patrol boats were transferred at a ceremony in Baltimore on September 30.
01 Oct.'16 14:48
UPDATE: List of Majoritarian MP Candidates
Number of candidates in each of the single-member electoral district varies from 6 to 16.
30 Sep.'16 22:05
Pope Francis Meets Head of Georgian Orthodox Church
Patriarch Ilia II hailed the visit of Pope Francis to Georgia as “really a historic event.”
30 Sep.'16 19:07
Visiting Georgia, Pope Calls for ‘Peaceful Coexistence of States in Region’
He said values expressed in Georgian traditions place the country “fully within the bedrock of European civilization.”
30 Sep.'16 15:19
Pope Francis Visits Georgia
Pope Francis started a two-day visit to Georgia on Friday afternoon.
30 Sep.'16 12:59
Geostat: GDP Growth 2.9% in August
Economy grew 2.7% in the first eight months of this year, according to preliminary data.
29 Sep.'16 15:46
UNM Plans Final Campaign Rally in Tbilisi on Oct.5
UNM also plans march from the Rose Revolution Square towards the Freedom Square.
28 Sep.'16 17:58
GDDG Hires U.S. Lobbying, PR Consultancy Firms
Ruling party pays $320,000 to Impact Management Group for “lobbyist services” in the U.S.
27 Sep.'16 22:58
NPC-Girchi Quits Burchuladze’s Election Bloc
After split, less than two weeks before the elections, Burchuladze, Japaridze trade accusations.
27 Sep.'16 19:21
Central Bank Sells USD 40 Million
NBG made three interventions over the past month, selling total of USD 80 million.

About Civil Georgia
Civil.Ge © 2001-2016, Daily News Online
Registered office: 2 Dolidze Str, 4-th Floor.
60