JSC Liberty Bank profits in May 2010 rose 2 million GEL and equaled 5.3 million GEL as of June 1, 2010.
The Liberty Bank market ratio in terms of profits has climbed up approximately 5 percent, while the bank’s share in total profits of 12 profitable banks of Georgia made up only 0.8 percent at the end of the first quarter of 2010 and the figure counted for 322 166 GEL. The figure rose to 3.2 million GEL as of June 1.
In the reporting period, Liberty bank assets made up 424.9 million GEL, while the figure amounted to 383.4 million GEL as of May 1, 2010. The bank’s market ratio in terms of assets equaled 4.8 percent.
Liberty Bank credit portfolio counts for 133.5 million GEL as of June 1, while the figure equaled 126 100 000 GEL as of May 1, 2010. The bank deposits make up 303.8 million GEL.
Former Prime Minister of Georgia Vladimer Gurgenidze took the management of Liberty Bank (former People’s Bank) in September 2009 and made all parameters of the bank the best in the Georgian bank sector.
Since September 2009 Liberty Bank assets have grown 52 percent, net loan portfolio increased 50.9 percent, deposit volume climbed up 95.2 percent, stock capital increased 112.7 percent.
Liberty Bank stock capital counts for 35.1 million GEL as of June 1. The bank’s market share stands at 4.8 percent as of June 1, 2010.