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    • Abstract: saqarTvelo mzardi ekonomikis qveyanaa. mTliani. Sida produqtis zrdam gasul wels 9 procenti ... li mxardaWera qmnis sabanko sistemis mdgradi. ganviTarebis myar safuZvels. mimzidvelma ...

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1
sameTvalyureo sabWos STATEMENT OF THE CHAIRMAN
Tavmjdomaris mimarTva OF THE SUPERVISORY BOARD
pativcemulo Dear
qalbatonebo da batonebo Ladies and Gentlemen,
saqarTvelo mzardi ekonomikis qveyanaa. mTliani Georgia is a country of growing economy. Last year the
Sida produqtis zrdam gasul wels 9 procenti increase of Gross Domestic Product amounted to 9%. In
Seadgina. saqarTveloSi safinanso Suamavlobis Georgia the greatest part of the financial intermediation
seqtoris udidesi nawili komerciul sabanko mom- sector is taken by the commercial banking service. Ac-
saxurebaze modis. Sesabamisad, sabanko sistemas cordingly, the banking system has a critical role in accel-
qveynis ekonomikuri zrdis tempis daCqarebis erating economic growth of the Country. The progres-
TvalsazrisiT umTavresi roli ekisreba. saqar- sive and steady support of the commercial banks provid-
Tvelos mTavrobis, kerZod misi fuladsakredito ed by the Georgian Government and particularly, by its
agentis saqarTvelos erovnuli bankis mxridan fiscal agent, National Bank of Georgia, creates a solid
komerciuli bankebis progresuli da Tanmimdevru- basis for a stable development of the banking system.
li mxardaWera qmnis sabanko sistemis mdgradi
ganviTarebis myar safuZvels.
mimzidvelma sainvesticio garemom, erovnuli bank- The attractive investment environment, support from the
is xelSewyobam, jansaRma konkurenciam mniSvnelo- side of National Bank of Georgia and the healthy compe-
vani Sedegebi moitana: 2005 wlis ganmavlobaSi tition have produced significant results: during 2005 the
saqarTvelos sabanko seqtoris aqtivebi 50 pro- assets of the Georgian banking sector have increased by
centiT gaizarda da 2.54 miliardi lari Seadgina. 50% and have reached 2.54 billion GEL.
2 sameTvalyureo sabWos Tavmjdomaris mimarTva
am warmatebaSi mniSvnelovani adgili Cvens banks Our Bank holds an important place in this success. 41%
ukavia. sakredito portfelis 41 procentiani increase of credit portfolio – this is our result in 2005.
zrda - aseTi Sedegi gvqonda 2005 wlis mixedviT. This result was automatically reflected in the rest of fi-
aRniSnuli Sedegi avtomaturad aisaxa bankis dan- nancial indices showing trends of growth.
arCen finansur maCveneblebzec, sadac aseve mzar-
di tendenciebi dafiqsirda.
Cveni bankis prioritetia sruli sabanko momsax- Our Bank’s priority is to offer full banking service to its
ureba SesTavazos msxvil da saSualo korporati- large and medium-sized corporate clients and to the indi-
ul klientebs da maTTan dakavSirebul fizikur viduals associated with them. In order to improve service
pirebs. momsaxurebis xarisxis gaumjobesebisa da quality and to expand the spectrum of banking products,
sabanko produqtebis speqtris gafarToebis mizniT a strategic decision was made to establish close relation-
miRebul iqna strategiuli gadawyvetileba saer- ship with the international financial institutions; in par-
TaSoriso safinanso institutebTan urTierTobe- ticular, an active cooperation with the European Bank for
bis axal ufro mWidro safexurze gadasvlis Taoba- Reconstruction and Development has started.
ze; kerZod, daiwyo aqtiuri TanamSromloba evro-
pis rekonstruqciis da ganviTarebis bankTan (EBRD).
bankSi Seqmnili korporatiuli marTvis struq- The Bank’s corporate management structure, highly qual-
tura, maRalkvalificiuri kadrebi, kapitalis ified staff, the capital adequacy and the quality of assets
adeqvaturoba da aqtivebis xarisxi aris warmate- are the pledge of success for our founders and for our
bis garanti Cveni damfuZneblebisa Tu Cveni depositors. The management is aiming at further enhance-
meanabreTaTvis. menejments dasaxuli aqvs miznad ment of our customers’ and international partners’ confi-
kidev ufro gaaZlieros Cveni klienturis da saer- dence in “Cartu Bank”, as it is the factor that represents
TaSoriso partniorebis ndoba ~banki qarTusad- the principal capital of the Bank. The rise of the country’s
mi~, vinaidan swored ndobis faqtori gaxlavT bank- credit rating provides us a great stimulus to improve the
is umTavresi kapitali. qveynis sakredito reit- Bank’s credit rating that will allow us in future to offer to
ingis mateba udides stimuls gvaZlevs bankis our clientele the cheap financial resources and new hi-
sakredito reitingis amaRlebisaTvis, rac samo- tech products.
mavlod iafi finansuri resursis da axali ma-
Ralteqnologiuri produqtebis SeTavazebis sa-
Sualebas mogvcems Cveni klienturisaTvis.
aqcionerebis mier bankis sameTvalyureo sabWosa The objectives set by the shareholders to the Bank’s
da Sesabamisad menejmentis winaSe dasmuli supervisory board and, accordingly, to the management
amocanebi 2005 wels Sesrulebulia. 2006 weli team, were achieved in 2005. The year 2006 should be-
bankisaTvis unda gaxdes arsebuli rezervebis sru- come for the Bank a year of full revelation of existing
li gamovlenis weliwadi, ramac Tavis mxriv kmay- reserves, which by its part should give satisfaction to
ofileba unda moutanos Cvens momxmareblebs da our customers and our shareholders.
damfuZneblebs.
minda madloba gadavuxado Cvens klientebs, romel- I would like to express my gratitude to our clients, whose
Ta kmayofileba aris bankis menejmentis erT-erTi satisfaction is the most important aim of the Bank’s man-
umTavresi amocana. aseve bankis menejments da yve- agement, also to the Bank’s management team and all the
la TanamSromels maTze dakisrebuli movaleobeb- employees for thorough fulfillment of their duties and
is zedmiwevniT kargad SesrulebisaTvis. obligations.
giorgi Crdileli George Chrdileli
sameTvalyureo sabWos Tavmjdomare Chairman of the Supervisory Board
Statement of the Chairman of the Supervisory Board 3
generaluri direqtoris STATEMENT
mimarTva OF GENERAL DIRECTOR
qalbatonebo da batonebo! Ladies and Gentlemen,
2005 weli ss ~banki qarTusTvis~ mniSvnelovani The year 2005 was a year of significant achievements for
warmatebis weli iyo. bankma sagrZnoblad gazar- JSC “Cartu Bank”. The Bank has increased considerably
da ZiriTadi finansuri maCveneblebi; 2005 wels the basic financial indices. In 2005 the assets were in-
aqtivebi 19%-iT, sakredito portfeli 41%-iT, creased by 19%, the credit portfolio – by 41% and the
xolo depozitebi 13%-iT gaizarda. wlis bolos deposits - by 13%. By the end of the year the Bank’s
bankis mogebam, romelic bankis warmatebuli saqmi- profit, a significant criterion of the Bank’s successful
anobis mniSvnelovani kriteriumia, 7 mln lars performance has exceeded 7 million GEL.
gadaaWarba.
2005 weli CvenTvis warmatebuli iyo ucxouri The year 2005 was also successful for us in the field of
fasiani qaRaldebis bazarze moRvaweobis kuTxi- operations on foreign securities’ market. By these opera-
Tac. bankma aRniSnuli operaciebiT maRalefeq- tions the Bank has highly efficiently placed its financial
turad ganaTavsa finansuri resursebi, Seqmna di- resources, created a diversified portfolio and gained sig-
versificirebuli portfeli da Semdgom misi re- nificant profits as a result of sales.
alizaciidan mniSvnelovani mogeba miiRo.
4 generaluri direqtoris mimarTva
gasul wels ~bankma qarTum~ gansakuTrebul war- Last year “Cartu Bank” attained a special success in the
matebas miaRwia sabaraTe biznesSi; kerZod, daiw- plastic cards’ business. Namely, it has launched issu-
yo Cipiani VISA baraTebis gamoSveba da momsax- ance and service of Visa cards with chips and implement-
ureba, eleqtronuli komerciis proeqtis ganx- ed an e-commerce project, which is totally new for the
orcieleba, romelic saqarTvelos sabanko seq- banking and trading sectors of Georgia.
torisaTvis sruliad axalia.
“bankma qarTum~, Tanamedrove mzardi moTxovneb- In line with the increasing demand “Cartu Bank” has of-
is Sesabamisad, mniSvnelovani siaxleebi SesTava- fered important novelties to its clientele: hi-tech prod-
za Tavis klienturas: daixvewa da ganviTarda ma- ucts were developed and refined, the internet-banking
Ralteqnologiuri produqtebi, dainerga inter- system was put into place, a Batumi branch was opened,
net-bankis sistema, gaixsna baTumis filiali, ga- the ATM network was expanded. In the same period the
farTovda bankomatebis qseli. foundation was laid for the negotiations process with
amave periodSi safuZveli Caeyara evropis rekon- EBRD, which resulted this year in signing of agreement
struqciis da ganviTarebis bankTan (EBRD) mola- on opening of the guarantee line for the Bank in the frame-
parakebis process, ris Sedegadac mimdinare wels work of Trade Facilitation Program (TFP).
xeli moewera xelSekrulebas vaWrobis xelSewy-
obis programis (TFP) farglebSi bankisaTvis sa-
garantio xazis gaxsnis Sesaxeb.
rogorc msxvil da saSualo korporatiul klien- We, as a bank, which is oriented to the large and the
tebze da maTTan dakavSirebul fizikur pirebze ori- medium sized corporate clients and associated individu-
entirebuli banki, kargad vacnobierebT momsaxure- als, fully comprehend the importance of quality service.
bis xarisxis mniSvnelobas. Tanamedrove sabanko Based on the novelties of modern banking and on the
sferos siaxleebisa da dagrovili biznes gamoc- business experience acquired, the “Cartu Bank” daily
dilebis safuZvelze “banki qarTu~ yoveldRiurad cares for the refinement and improvement of the banking
zrunavs klienturisaTvis SesaTavazebeli sabanko products to be offered to the customers.
produqtebis daxvewasa da gaumjobesebaze.
msurs madloba gadavuxado Cvens aqcionerebs, bank- I would like to thank our shareholders, our clients and
is klientebs da TiToeul TanamSromels. each of our employees.
giorgi kvirikaSvili George Kvirikashvili
generaluri direqtori General Director
Statement of General Director 5
6
sameTvalyureo sabWo SUPERVISORY BOARD
giorgi Crdileli George Chrdileli
sameTvalyureo sabWos Tavmjdomare Chairman of Supervisory Board
daviT kiRuraZe David Kighuradze
sameTvalyureo sabWos Tavmjdomaris moadgile Deputy Chairman of Supervisory Board
zaza maWaraSvili Zaza Macharashvili
sameTvalyureo sabWos wevri Member of Supervisory Board
menejmentis struqtura MANAGEMENT STRUCTURE
da Semadgenloba
umaRlesi menejmenti Top Management
giorgi kvirikaSvili George Kvirikashvili
generaluri direqtori Director General
dimitri qumsiSvili Dimitri Kumsishvili
generaluri direqtoris pirveli moadgile First Deputy Director General
nato xaindrava Nato Khaindrava
generaluri direqtoris moadgile Deputy Director General
menejmenti Management
laSa xoferia Lasha Khoperia
Sida auditis departamentis ufrosi Head of Department for Internal Audit
manana nadiraZe Manana Nadiradze
mTavari buRalteri Chief Accountant
zurab gogua Zurab Gogua
sakredito departamentis direqtori Director of Credit Department
beqa kvaracxelia Beka Kvaratskhelia
sakredito departamentis direqtoris moadgile, Deputy Director of Credit Department,
msxvili biznesis dakreditebis ganyofilebis Head of Corporate Clients Lending Unit
ufrosi
daviT rusia David Rusia
mcire da saSualo biznesis dakreditebis ganyo- Head Of SME Lending Unit
filebis ufrosi
Management Structure 7
daviT qoriZe David Koridze
sakredito administrirebisa da monitoringis Head of Credit Administration and Monitoring Unit
ganyofilebis ufrosi
goCa CikvilaZe Gocha Chikviladze
ekonomikuri usafrTxoebis, sakaso da sainkasa- Director of Economic Security, Cash and Collection
cio momsaxurebis departamentis direqtori Services Department
moris jibuti Moris Jibuti
sainformacio teqnologiebis departamentis Director of IT Department
direqtori
aleqsandre qeTiSvili Alexander Ketishvili
plastikuri baraTebis sainformacio teqnolo- Head of Plastic Cards’ IT Unit
giebis ganyofilebis ufrosi
nana quriZe Nana Kuridze
plastikuri baraTebis momsaxurebisa da proces- Director of Plastic Cards’ Service and Processing Depart-
ingis departamentis direqtori ment
zurab azaraSvili Zurab Azarashvili
plastikuri baraTebis momsaxurebis da proces- Head of Operational Unit of Plastic Cards’ Service and
ingis departamentis saoperacio ganyofilebis Processing Department
ufrosi
zurab TevzaZe Zurab Tevzadze
ekonomikuri analizis departamentis direqtori Director of Economic Analysis Department,
vladimer asaTiani Vladimer Asatiani
ekonomikuri analizis departamenti, Economic Analysis Department
sagegmo-ekonomikuri ganyofilebis ufrosi Head of Planning and Economy Unit
mzia gobejiSvili Mzia Gobejishvili
ekonomikuri analizis departamenti, Economic Analysis Department
monitoringis ganyofilebis ufrosi Head of Monitoring Unit
ramaz qurdaZe Ramaz Kurdadze
iuridiuli ganyofilebis ufrosi Head of Legal service Department
gega meTefSiSvili Gega Metepshishvili
marketingisa da sazogadoebasTan urTierTobis Head of Marketing and Public Relations Department
ganyofilebis ufrosi
zurab rusiSvili Zurab Rusishvili
klientTa momsaxurebis centris ufrosi Head of Customers’ Service Center
8 menejmentis struqtura
kaxaber kacitaZe Kakhaber Katsitadze
angariSsworebis, sakorespondento urTierTobe- Head of Settlement, Correspondent Banking and Docu-
bisa da dokumenturi operaciebis ganyofilebis mentary Operations Department
ufrosi
rusudan doliZe Rusudan Dolidze
sakaso momsaxurebisa da faseulobis ganyofilebis Head of Cash Desk Services and Valuables Unit
ufrosi
besik jiRauri Besik Jighauri
aqtivebisa da valdebulebebis marTvis ganyofileb- Head of Assets/Liabilities Management Unit
is ufrosi
giorgi tripolski George Tripolski
xazinis ufrosi Head of Treasury
zviad xuxunaSvili Zviad Khukhunashvili
fasiani qaRaldebis ganyofilebis ufrosi Head of Securities Department
irina museriZe Irina Museridze
kadrebis ganyofilebis ufrosi Head of Human Resources Department
daviT wulukiZe David Tsulukidze
sameurneo ganyofilebis ufrosi Head of General Service Unit
filialebis mmarTvelebi Branch Directors
daviT giorgaZe David Giorgadze
mTawmindis filialis direqtori Director of Mtatsminda Branch
giorgi miqaberiZe George Mikaberidze
baTumis filialis direqtori Director of Batumi Branch
tariel TuTaraSvili Tariel Tutarashvili
quTaisis filialis direqtori Director of Kutaisi Branch
Management Structure 9
10
bankis ganviTarebis istoria BANK DEVELOPMENT HISTORY
• 1996 wlis 1 noembers dafuZnda saaqcio sazoga- • On November 1, 1996 JSC “Cartu Bank” was found-
doeba ~banki qarTu~. ed;
• 1997 wlis 9 ianvars saaqcio sazogadoeba ~bank- • On January 9, 1997 JSC “Cartu Bank” received the
ma qarTum~ sabanko saqmianobis generaluri li- general license for banking business;
cenzia miiRo.
• 1997 wlidan ~banki qarTu~ SWIFT-is saerTa- • 1997 “Cartu Bank” entered SWIFT international sys-
Soriso sistemaSi gawevrianda; tem;
• 1998 wels bankma miiRo saqarTvelos fasiani • 1998 the Bank received a license for issuance of secu-
qaRaldebis gamoSvebis licenzia; rities;
• 2000 wlis ianvridan banki Tavis klientebs • Since January 2000 the Bank has offered its custom-
sTavazobs swraf fulad gzavnilebs popularuli ers a fast money transfer service through a popular sys-
sistemiT Western Union-i; tem Western Union;
• 2001 wlis aprilSi ~bankma qarTum~ Seisyida • April 2001 “Cartu Bank” purchased the assets and
ss ~absolutbankis~ aqtivebisa da valdebulebeb- liabilities of JSC “Absolute bank”;
is nawili;
• 2001 wlis aprilSi saerTaSoriso sabaraTe • April 2001 the International Card System VISA IN-
sistemam VISA INTERNATIONAL ~bank qarTus~ viza TERNATIONAL granted “Cartu Bank” a status of the
saerTaSoriso sistemis ZiriTadi wevris statusi principal member of VISA INTERNATIONAL;
mianiWa;
• 2002 wlis aprilSi bankma MASTERCARD-Tan • April 2002 the Bank signed a contract with MASTER-
kontraqts moawera xeli da Europay saerTa- CARD and became a principal member of International
Soriso sagadasaxado sistemis ZiriTadi wevri Payment System - Europay International;
gaxda;
• 2002 wels, pirvelad saqarTveloSi, ~bank qar- • 2002, for the first time in Georgia, “Cartu Bank” and
Tusa~ da Diners Club International-is saerTaSoriso the International Payment System, “Diners Club Interna-
sagadasaxado sistemas Soris daido generaluri tional” signed a general agreement on card servicing;
xelSekruleba baraTebis momsaxurebis Sesaxeb;
• 2002 wels mediaholding ~jorjian Taimsis~ • 2002 the traditional business-rating of Media Hold-
tradiciulma biznes-reitingma kompania ~banki ing “Georgian Times” named the Company “Cartu Bank”
qarTu~ da misi xelmZRvaneli saqarTvelos 21 and its Top Manager among the best 21 private compa-
saukeTeso kerZo kompaniaTa Soris daasaxela. nies of Georgia;
History of Bank Development 11
• 2003 wlis 25 maiss mediaholding ~jorjian • On May 25, 2003 the “Cartu Bank” was named as
Taimsis~ mier organizebul yovelwliuri biznes- “The Best Company/Business Of The Year” on annual
reitingis sazeimo ceremoniaze ~banki qarTu~ business-rating festive ceremony organized by Media
~wlis saukeTeso kompania/biznesad~ dasaxelda. Holding “Georgian Times”. The Bank was awarded the
banki dajildovda priziT nominaciaSi - ~stabi- prize in nomination “Stable Progress and Dynamics”;
luri progresi da dinamiuroba~;
• 2004 wlidan bankma moipova AMERICAN EX- • Since 2004 the Bank has obtained the right to serve
SPRESS baraTebis momsaxurebis ufleba; AMERICAN EXPRESS cards;
• 2004 wels bankma daiwyo MASTERCARD baraTe- • 2004 the Bank started issuance of MASTERCARD
bis gamoSveba; plastic cards;
• 2004 wlis oqtomberSi, ~bank qarTus~ saqarTve- • October 2004 “Cartu Bank” was given the right to
los savaWro da momsaxurebis obieqtebSi MAS- provide the service of MASTERCARD plastic cards in
TERCARD plastikuri baraTebis momsaxurebis trade and service units of Georgia;
ufleba mieniWa;
• 2004 wels bankma, partnior bankebTan erTad, • 2004 the Bank in cooperation with the partner banks
danerga axali sabanko produqti - fuladi gzav- implemented a new banking product – “Rapid Post” mon-
nilebi ~swrafi fosta~; ey transfers;
• 2005 wlis 28 noembers gaixsna ~banki qarTu~-s • November 28, 2005 Batumi Branch was opened;
baTumis filiali;
• 2005 wlis noemberSi ~bankma qarTum~ daasru- • November 2005 “Cartu Bank” has completed the cer-
la VISA International-Tan eleqtronuli komerci- tification of E-Commerce project with VISA Interna-
is proeqtis sertifikacia; tional;
• 2005 wels ~bankma qarTum~ daiwyo molapar- • 2005 “Cartu Bank” started the negotiations with the
akeba evropis rekonstruqciisa da ganviTarebis European Bank for Reconstruction and Development
bankTan (EBRD) vaWrobis xelSewyobis programa- (EBRD) to participate in Trade Facilitation Program (TFP).
Si (TFP) monawileobis Sesaxeb.
12 bankis ganviTarebis istoria
13
finansuri Sedegebi FINANCIAL RESULTS
finansuri miRwevebi da maCveneblebi Financial Achievements and Indicators
2005 wels mniSvnelovani zrda dafiqsirda bankis In 2005 a significant growth of main financial indicators
ZiriTadi finansuri maCveneblebis mixedviT. was stated.
2005 wlis ganmavlobaSi bankis wminda aqtivebi During 2005 the Bank’s net assets were steadily increas-
stabilurad matulobda da wlis bolos 244.9 aTasi ing and amounted to 244.9 thousand GEL at the end of
lari Seadgina. wina welTan SedarebiT es maCvene- the year. In comparison with the previous year this index
beli 39.3 mln lariT, anu 19%-iT gaizarda. has increased by 39.3 million GEL, that is, by 19%.
bolo wlebis bankis aqtivebisa da valdebulebebis struqturis dinamika
Dynamics of Structure of the Bank’s Assets and Liabilities in Recent Years
300,000
250,000
200,000
150,000
100,000
50,000
0
2003 2004 2005
mTliani valdebulebebi mTliani aqtivebi
Total Liabilities Total Assets
wlis ganmavlobaSi bankis mTliani valdebulebe- During the year the total liabilities of the Bank have in-
bi gaizarda 20 mln lariT da 166 mln lars gada- creased by 20 million GEL and have exceeded 166 million
aWarba. zrda ganpirobebulia rogorc subor- GEL. The increase is conditioned by the increase of both
dinirebuli valdebulebebis, aseve klientebis de- the subordinated liabilities and the clients’ deposits.
pozitebis matebiT.
14 finansuri Sedegebi
sadepozito portfelis zrda
Growth of Deposit Portfolio
sadepozito portfeli
80,000 Deposit Portfolio
70,000
60,000
50,000
40,000
30,000
20,000
10,000
0
2003 2004 2005
Semosavlebis dinamika
Income Dynamics
sagrZnoblad moimata bankis Semosavlebma 2005 In 2005 the Bank income has increased perceptibly and
wels da misma moculobam Seadgina 28,544,000 lari. its volume has amounted to 28.544.000 GEL.
Semosavlebis dinamika 2003-2005
Income trends in the years 2003-2005
30,000
25,000
20,000
15,000 wminda Semosavlebi
Net income
10,000
5,000
0
2003 2004 2005
Financial Results 15
Semosavlebi
Revenues
1 miRebuli sakomisioebi da Semosavlebi
momsaxurebidan
Commission charges and revenues
17%
1 2 wminda mogeba savaluto operaciebidan
Net profit from currency related operations
2 5%
3 3 wminda mogeba fasiani qaRaldebis
operaciebidan
Net profit from securities
5 4 10%
4 sxva Semosavlebi
Other revenues
5%
5 saprocento Semosavlebi
Interest income
63%
xarjebi
Expenses
1 gadaxdili sakomisioebi
da momsaxurebis xarjebi
Paid commission charges and services
6%
2 1 2 saprocento xarjebi
Interest expenses
13%
3
3 sxva xarjebi
Other expenses
5 13%
4 saprocento Semosavlis momtan aqtivebze SesaZlo
gaufasurebis danakargebis rezervis formireba
4 Formation of reserves to cover the possible
inflation losses on deposits
28%
5 saoperacio xarjebi
Operation operational expenses
40%
16 finansuri Sedegebi
sagrZnoblad gaizarda ~banki qarTus~ kapital- During 2005 “Cartu Bank’s” return on equity and return
isa da aqtivebis Semosavlianoba (ROE da ROA) 2005 on assets (ROE and ROA) increased considerably
wlis ganmavlobaSi
12,00%
10,00%
ROE
8,00%
ROA
6,00%
4,00%
2,00%
0,00%
2003 2004 2005
2003 2004 2005
kapitalis Semosavlianoba
3.30% 1.01% 10.09%
Return on equity (ROE)
aqtivebis Semosavlianoba
1.43% 0.31% 3.26%
Return on assets (ROA)
bankis klienti iuridiuli da fizikuri pirebis Changes in number of the Bank’s clients – legal entities
raodenobis cvlileba bolo wlebis (2001-2005) and individuals for recent years, 2001-2005
ganmavlobaSi
fizikuri da iuridiuli pirebis angariSebis raodenobis dinamika bolo wlebis ganmavlobaSi
Dynamics of Clientele Growth 2001-2005
45000
40000
35000 fizikuri pirebis
30000 angariSebi
25000 Accounts of Individuals
20000
15000 iuridiuli pirebis
angariSebi
10000
Accounts of the legal
5000 entities
0
05
05
05
05
01
02
03
04
5
05
05
05
05
05
05
05
1\31\200
31\12\20
12\31\20
2\28\20
12\31\20
12\31\20
5\31\20
3\31\20
8\31\20
10\31\20
11\30\20
12\31\20
7\31\20
9\30\20
4\30\20
6\30\20
Financial Results 17
fizikuri da iuridiuli pirebis angariSebis Dynamics of the number of clients - Individuals’ and
raodenobis dinamika bolo wlebis ganmavlobaSi Legal entities’ - deposits during recent years
bankis klientebis angariSebze saxsrebis cvlilebis dinamika
Dynamics of the balances on accounts of the Bank’s clients
60,000,000
50,000,000
40,000,000
30,000,000
20,000,000
10,000,000
0
05
05
05
05
01
02
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5
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1\31\200
31\12\20
12\31\20
2\28\20
12\31\20
12\31\20
5\31\20
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8\31\20
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11\30\20
12\31\20
7\31\20
9\30\20
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6\30\20
Legal Entity On other banks accounts Private Sector
sakredito portfeli Credit portfolio
2005 wlis ganmavlobaSi moxda ~banki qarTu~-s During 2005 a dynamic growth and improvement of qual-
sakredito portfelis dinamiuri zrda, xarisxis ity and structure of the Bank’s credit portfolio has taken
amaRleba da struqturis gaumjobeseba; kerZod, place; namely, the volume of credit portfolio exceeded
sakredito portfelis moculobam 172,3 mln. lars 172.3 million GEL and increased by 41% in comparison
gadaaWarba da wina welTan SedarebiT 41%-iT with the previous year. The net loans amounted for 97%
gaizarda. wminda sesxebma mTliani sesxebis 97% of total loans and 67% of the Bank’s net assets.
da bankis wminda aqtivebis 67% Seadgina.
saangariSo periodis bolos bankis sakredito At the end of the accounting period the weighted aver-
portfelis saSualo Sewonilma procentma wli- age interests for credit portfolio of the Bank amounted to
uri 12.97% Seadgina. 12.97% p.a.
2005 wels mniSvnelovnad daixvewa sakredito In 2005 the methodology of credit policy and crediting
politikisa da dakreditebis meTodologia. seri- was significantly refined. A serious attention was devot-
ozuli yuradReba mieqca biznes-proeqtebis da- ed to the elaboration of business projects and to the
muSavebasa da maTi damtkicebis vadebs. bankis timing of their approval. The Bank’s credit policy has
sakredito politika ufro metad moqnili, xolo become much more flexible, while the obtaining of a loan
sesxis aReba ufro moxerxebuli gaxda. has become more convenient.
2005 wels gaizarda bankis aqtiuroba grZelvadi- In 2005 the Bank’s long-term crediting activities increased
ani dakreditebis kuTxiT da erT welze meti va- and the loans with longer than one year accounted for
diT gacemuli sesxebis moculobam mTliani sesx- 82% of total loans.
ebis 82% Seadgina.
18 finansuri Sedegebi
~banki qarTus~ moqnili sakredito politikis As a result of the flexible credit policy of “Cartu Bank”, a
Sedegad, Tbilissa da regionebSi mravali mniS- lot of important projects were implemented in Tbilisi and
vnelovani proeqti ganxorcielda. gamoikveTa other regions of Georgia. Uptrend of numbers of lenders
msesxeblebis raodenobis zrdis tendencia. became obvious.
saqarTveloSi am etapze didi mniSvneloba eniWe- At this stage a great importance is attached to financing
ba eqsportze orientirebuli da importSemcvle-


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