According towards International Monetary Fund (IMF), the conservative approaches while in the supervision part has maintained the positive indicators. As per the Financial Sector Assessment Program (FSAP), the Georgian practice may be known as quite possibly the most advanced one.
The risk-oriented supervision frameworks enabled to spot risks during the early phase (all potential bank risks are assessed).
Loan rates of interest have considerably decreased. They’ve halved during the last Five-years.
Shota Chkoidze?The Deputy CEO of Halyk Bank Georgia compares the year and notes that 2015 have been challenging for any bank and then suddenly year will be more innovative and productive.
Halyk Bank Georgia, associated with Halyk Group Kazakhstan, are operating in Georgia since 2008. We run an universal banking business targeting corporate, SME and retail sectors. Although 2015 are usually characterized when the among the challenges for the Bank, especially currency devaluation and related debt service deterioration, and even increased competition, still your banker forecasts achievement of strategic goals by the end of the season. Namely, Halyk Bank Georgia received an internationally consumer credit rating from Fitch as BB-, outlook stable; will probably reach greater than 55% development of loan portfolio and almost to double net profit.
At once, the financial institution follows conservative approach in credit activities, which inturn realized in the among the best quality portfolios sold in the market.
This year bank opened another branch in Tbilisi reaching final amount of branches to, had significant progress in cards business, ecommerce, had been a principle person in VISA and associated an associate MasterCard; Halyk Bank Georgia was the foremost and is still the only one who offers SME and corporate businesses mobile POS terminals enabling them a more attractive strategy for accepting payments. As a result your banker been able to improve overall service portfolio.
Halyk Bank Georgia will continue to emphasize on raising the quality of services provided also in 2016 promises to propose to customers new and fascinating products.