• ABOUT US
    • History
    • Our Team
    • Advertising
    • Subscription
  • CONTACT US
Georgia Today
No Result
View All Result
  • News
  • Politics
  • Business & Economy
  • Social & Society
  • Sports
  • Culture
  • News
  • Politics
  • Business & Economy
  • Social & Society
  • Sports
  • Culture
No Result
View All Result
Georgia Today
No Result
View All Result

Fitch Ratings Revises the Outlook on JSC Liberty Bank to ‘Stable’

by Georgia Today
April 5, 2021
in Business & Economy
Reading Time: 1 min read
Fitch Ratings Revises the Outlook on JSC Liberty Bank to ‘Stable’

On March 31, Fitch Ratings revised the Outlook on JSC Liberty Bank to ‘Stable’ from ‘Negative,’ while affirming its Long-Term Issuer Default Rating (IDR) at ‘B+’.

The revision of the Outlook to Stable reflects reduced pressure on the bank’s credit profile from the health crisis and contraction of the Georgian economy.

Fitch Ratings expect that the bank’s pre-impairment profits will be sufficient to absorb additional credit losses from the pandemic without jeopardizing its financial profile.

The bank entered the crisis with a healthy capital cushion and good performance metrics. The Long-Term Issuer Default is driven by the bank’s intrinsic strength.

Liberty is one of the largest Banks in Georgia, with total Assets of up to GEL 3 bln. The Bank operates the largest branch network comprised of over 360 branches and 614 ATMs. The Bank is the exclusive agent of the Government of Georgia for the distribution of pensions and social benefits. The Bank employs over 4 700 employees serving over 1.7 mln customers.

Tags: businesseconomyFitch RatingLiberty Bank
ShareShareTweet

Related Posts

Me, Mariam Avakova, at the Welcome to Georgia Awards
Newspaper

Popularizing Georgia, Protecting Nature – That Feeling of Being Named a Welcome to Georgia Awards “Best Event Organizer” Finalist

March 24, 2023
Image source: istock
Newspaper

At the Crossroads of Choices: When Too Much Is Confusing and Too Little Is Restricting. Part 3

March 23, 2023
Georgia: Outbound Tourism in 2022
Newspaper

Georgia: Outbound Tourism in 2022

March 23, 2023

Recommended

Georgian Foreign Minister Holds Farewell Meeting with French Ambassador to Georgia

Georgian Foreign Minister Holds Farewell Meeting with French Ambassador to Georgia

6 months ago
Natia Mezvrishvili on Dealing with 2 Political Giants

Natia Mezvrishvili on Dealing with 2 Political Giants

12 months ago
Giorgi Gakharia: We were Told We Were Capable of Nothing – It’s All a Lie and Ukraine is a Great Example of This

Giorgi Gakharia: We were Told We Were Capable of Nothing – It’s All a Lie and Ukraine is a Great Example of This

1 year ago
GT Interview with Giorgi Badridze

GT Interview with Giorgi Badridze

1 year ago
Russo-Ukrainian War and Georgia – Analysis from security expert Kakha Kemoklidze

Russo-Ukrainian War and Georgia – Analysis from security expert Kakha Kemoklidze

1 year ago

Navigation

  • News
  • Politics
  • Business & Economy
  • Social & Society
  • Sports
  • Culture
  • International
  • Where.ge
  • Newspaper
  • Magazine
  • GEO
  • OP-ED
  • About Us
    • History
    • Our Team
    • Advertising
    • Subscription
  • Contact

Highlights

President to German FM: Georgian people won’t understand second refusal regarding EU candidacy

PM: If Europe really wants to end polarization, they should grant Georgia candidate status

German FM: I came to Georgia with a specific message – We want to see Georgia in the EU

German FM: Some actors aren’t happy that some countries want to join EU, reforms are necessary

MP Khatia Dekanoidze names several reasons for leaving UNM

Extended meeting underway between FMs of Germany and Georgia

Trending

No Content Available
  • Where.ge
  • Newspaper
  • GEO
  • Magazine
  • Old Website

2000-2022 © Georgia Today

No Result
View All Result
  • News
  • Politics
  • Business & Economy
  • Social & Society
  • Sports
  • Culture
  • International
  • Where.ge
  • Newspaper
  • Magazine
  • GEO
  • OP-ED
  • About Us
    • History
    • Our Team
    • Advertising
    • Subscription
  • Contact

2000-2022 © Georgia Today