COMPANY OVERVIEW. June, 2014

Size: px
Start display at page:

Download "COMPANY OVERVIEW. June, 2014"

Transcription

1 COMPANY OVERVIEW June, 2014

2 HISTORY An independent, first non-bank leasing company Alliance Group Leasing (AGL) was established - the first micro-consumer leasing service was offered to the market AGL became the first leasing company in Georgia granted with a Development Credit Authority (DCA) Guarantee issued by the US Government AGL became the first leasing company in the country obtaining International Certificates for Quality Management Standard ISO AGL was first company to introduce operational lease services - Services of Alliance Group Leasing became available in four regional centers of Georiga: Kutaisi, Batumi, Zugdidi and Tsalka Services of Alliance Group Leasing became available in Rustavi

3 Financed Projects In years, AGL financed up to 4,000 clients in the following sectors: Agriculture Transportation Medical Financial Trade Distribution Energy Education Service Transportation Manufacturing Construction Telecommunications

4 Why Leasing? Leasing Loan - Widely accessible - Does not require collateral - Flexible payments - Reduced tax costs - Additional working capital - Full support with supplier - Complicated procedures - Requirement for collateral - Only standard payments - Tax costs - Increasing liability - Non-direct financing 4

5 Leasing Scheme Selection of an object Contacting AGL Conclusion of the agreement Payments and usage Recieving ownership agleasing.ge

6 PRODUCTS Alliance Group Leasing offers the following leasing services: Micro leasing Corporate leasing Agro leasing Auto leasing Express leasing Operational Leasing Purchase and Lease-Back

7 Corporate Financial leasing Corporate Financial Leasing is intended for companies for purchasing new or secondary assets (fixed assets) through financial leasing from local or foreign manufacturers which can be subject to dismantle and secondary use (i.e. production lines and equipments, construction equipments, etc). - Leasing amount: GEL 10,000 and above - Term: months - Average annual increase: 5% - 14% - Minimum down payment: 30% 7

8 Express Micro leasing Express micro leasing is intended for legal entities as well as individuals for express purchasing of new or secondary equipments from local suppliers. - Leasing amount: GEL 1,000 GEL 10,000 - Term: months - Average annual increase: 5% - 14% - Minimum down payment: 30% 8

9 Auto Leasing Auto Leasing is intended for individuals willing to purchase new or secondary cars from local suppliers through leasing - Leasing amount: GEL 2,000 and above -Term: months - Average annual increase: 5% - 12% - Minimum down payment: 15% 9

10 Express Auto leasing Express auto leasing is intended for individuals and legal entities for purchasing new or secondary vehicles within 1 day after filling the application form. The vehicles can be purchased from local as well as foreign suppliers. - Leasing amount: GEL 2,000 GEL 85,000 for new vehicles; GEL 2,000 GEL 60,000 for secondary cars - Term: months - Average annual increase: 5% - 10% - Minimum down payment: 40% 10

11 Operational Auto Leasing Operational auto leasing is intended for individuals and legal entities with stable income for purchasing new or secondary vehicles. - Leasing amount: GEL 14,000 GEL 150,000 - Term: months - Average annual increase: 5% - 10% - Minimum down payment: 15% - for new cars; 20% - for secondary cars 11

12 Auto Lease-Back Auto Lease-back is intended for individuals and legal entities who owns new or secondary car and wants to receive express financing, without presenting any financial statements. - Leasing amount: GEL 1,000 GEL 15,000 - Term: months - Average annual increase: 5% - 14% 12

13 Agricultural leasing Agricultural leasing is intended for legal entities and individuals engaged in agricultural, processing or similar activities and willing to purchase agricultural equipments, production lines and other special equipment for primary as well as processing production, with the possibility of flexible payment schedule. - Leasing amount: GEL 1,000 and above - Term: months - Average annual increase: 5% - 14% - Minimum down payment: 20% 13

14 General Leasing Conditions -Leasing amount: GEL 1,000 -Term: months -Currency: GEL, USD, Euro -Average annual increase: 5% - 14% -Minimum down payment: From 10% - The leased asset is insured for the entire term of the lease 14

15 CONTACT ALLIANCE GROUP LEASING (AGL) Address: 47/57 M. Kostava str Tbilisi, Georgia Phone: ( ) Website:

JSC Microfinance Organization CRYSTAL. Financial Statements for the year ended 31 December 2008 and Independent Auditors Report

JSC Microfinance Organization CRYSTAL. Financial Statements for the year ended 31 December 2008 and Independent Auditors Report JSC Microfinance Organization CRYSTAL Financial Statements for the year ended 31 December 2008 and Independent Auditors Report CONTENT Page INDEPENDENT AUDITORS REPORT 3 FINANCIAL STATEMENTS: BALANCE SHEET

More information

JSC Microfinance Organization CRYSTAL. Financial Statements for the year ended 31 December 2007 and Independent Auditors Report

JSC Microfinance Organization CRYSTAL. Financial Statements for the year ended 31 December 2007 and Independent Auditors Report JSC Microfinance Organization CRYSTAL Financial Statements for the year ended 31 December 2007 and Independent Auditors Report Content: Page INDEPENDENT AUDITORS REPORT 3 FINANCIAL STATEMENTS: BALANCE

More information

CRYSTAL FUND. Organization: CRYSTAL FUND. Auditor: Georgian Audit & Consulting Company (GACC)

CRYSTAL FUND. Organization: CRYSTAL FUND. Auditor: Georgian Audit & Consulting Company (GACC) 2015 Organization: CRYSTAL FUND Auditor: Georgian Audit & Consulting Company (GACC) CRYSTAL FUND Financial Statements for the year ended 31 December 2014 and Independent Auditors Report Table of Contents

More information

Review of Georgian Leasing Market and Perspectives for Development

Review of Georgian Leasing Market and Perspectives for Development Review of Georgian Leasing Market and Perspectives for Development Nino Orjonikidze Professor at Gori State Teaching University, Georgia Nino Liparteliani Professor at Gori State Teaching University, Georgia

More information

State Audit Office of Georgia

State Audit Office of Georgia State Audit Office of Georgia Public Finance Management Report 2016 Action Plan (January - December) 1. Enhance the impact of financial, compliance and performance audits in accordance with international

More information

Bank of Georgia Group Consolidated Financial Statements. Years ended December 31, 2004 and 2003 Together with Report of Independent Auditors

Bank of Georgia Group Consolidated Financial Statements. Years ended December 31, 2004 and 2003 Together with Report of Independent Auditors Consolidated Financial Statements Years ended December 31, 2004 and 2003 Together with Report of Independent Auditors Bank of Georgia 2004 Consolidated Financial Statements CONTENTS REPORT OF INDEPENDENT

More information

Corporate Presentation. MICROFINANCE OGANIZATION B.I.G. Tbilisi, Georgia

Corporate Presentation. MICROFINANCE OGANIZATION B.I.G. Tbilisi, Georgia Corporate Presentation OGANIZATION B.I.G. Tbilisi, Georgia WWW.BIG.COM.GE 0 Contents 1 Key Financial Results YE016 Unique transformation story 4 Pillars: Client Satisfaction, Social Responsibility, Transparency

More information

GEO: Sustainable Urban Transport Investment Program, Tranche 2 Tbilisi-Rustavi Urban Road Link (Section-1: km 0 to 4 Tbilisi Phonichala) (Addendum)

GEO: Sustainable Urban Transport Investment Program, Tranche 2 Tbilisi-Rustavi Urban Road Link (Section-1: km 0 to 4 Tbilisi Phonichala) (Addendum) Resettlement Plan December 2014 GEO: Sustainable Urban Transport Investment Program, Tranche 2 Tbilisi-Rustavi Urban Road Link (Section-1: km 0 to 4 Tbilisi Phonichala) (Addendum) Prepared by the Municipal

More information

VISIONFUND CREDO FOUNDATION. Consolidated Financial Statements for the year ended 31 December 2007, and Independent Auditors Report

VISIONFUND CREDO FOUNDATION. Consolidated Financial Statements for the year ended 31 December 2007, and Independent Auditors Report Consolidated Financial Statements for the year ended 31 December 2007, and Independent Auditors Report PAGE INDEPENDENT AUDITOR S REPORT 3 FINANCIAL STATEMENTS: Consolidated Balance Sheet 4 Consolidated

More information

Ministry of Finance of Georgia State Budget in Brief Citizens Guide

Ministry of Finance of Georgia State Budget in Brief Citizens Guide Ministry of Finance of Georgia 2012 State Budget in Brief Citizens Guide 10 point plan 1. Macroeconomic Stability 2. Improvement of Current Account Deficit 3. Providing/Maintaining Best Investment and

More information

BOOK III FINANCING OF The COURTS. 1. Expenditure of the assignments for the Supreme Court of Georgia

BOOK III FINANCING OF The COURTS. 1. Expenditure of the assignments for the Supreme Court of Georgia BOOK III FINANCING OF The COURTS 1. Expenditure of the assignments for the Supreme Court of Georgia The financing from the state budget, by considering the analysis of the factual materialtechnical base

More information

The practice of calculating the consumer price index in Georgia and the methodological issues for its improvement

The practice of calculating the consumer price index in Georgia and the methodological issues for its improvement Nino Abesadze- Academic Doctor of Economy, Associate Professor Iv. Javakhishvili Tbilisi State University The practice of calculating the consumer price index in Georgia and the methodological issues for

More information

Entrepreneurship Development Agency

Entrepreneurship Development Agency Entrepreneurship Development Agency Marjanishvili str. 5/16-18, 0102 Tbilisi Tel: +995 32 2 99 10 44 Web: www.qartuli.ge; www.enterprise.gov.ge Mail: info@enterprise.gov.ge Growing Economy Georgia Snapshot

More information

Poverty Reduction And Economic Growth Program OF Georgia

Poverty Reduction And Economic Growth Program OF Georgia Poverty Reduction And Economic Growth Program OF Georgia Intermediary Document Government's Statement Tbilisi, November 2000 Intermediary Document of Poverty Reduction and Economic Growth Program in Georgia

More information

Tariffs: The Kentucky PSC Approach

Tariffs: The Kentucky PSC Approach Tariffs: The Kentucky PSC Approach Presentation to the Georgian National Energy and Water Supply Regulatory Commission Kutaisi, Georgia September 2010 Jeff Cline Tariff Branch Kentucky Public Service Commission

More information

BANKING BUSINESS CREDIT RISK OVERVIEW

BANKING BUSINESS CREDIT RISK OVERVIEW BANKING BUSINESS CREDIT RISK OVERVIEW BGEO Investor Day 9 November 2017 Tbilisi, Georgia Speaker: Giorgi Chiladze, CRO, JSC Bank of Georgia CONTENT Banking Business loan portfolio overview Cost of risk

More information

Capturing Growth Opportunities

Capturing Growth Opportunities Capturing Growth Opportunities Banking: Credit risk overview Speaker: Giorgi Chiladze, CRO, JSC Bank of Georgia Contents Loan portfolio overview Cost of risk page 2 Lower growth environment Net Loan Portfolio

More information

AM005e-X 1 AZERBAIJAN

AM005e-X 1 AZERBAIJAN AM005e-X 1 AZERBAIJAN Dear participants of the Annual Meeting, Ladies and Gentlemen! First of all, I would like to express my gratitude to our Georgian friends and colleagues, as well as the Georgian authorities

More information

Microfinance Between State and Market

Microfinance Between State and Market Microfinance Between State and Market Impact of public policies on development of microfinance in Georgia April 2013 Paris, France Content 3 16 21 28 JSC MFO Crystal: Institutional Profile MFI Regulation

More information

TBC BANK GROUP International Financial Reporting Standards Consolidated Condensed Interim Financial Information (Unaudited) 30 June 2011

TBC BANK GROUP International Financial Reporting Standards Consolidated Condensed Interim Financial Information (Unaudited) 30 June 2011 TBC BANK GROUP International Financial Reporting Standards Consolidated Condensed Interim Financial Information (Unaudited) 30 June 2011 CONTENTS REVIEW REPORT UNAUDITED CONSOLIDATED CONDENSED INTERIM

More information

LLC MICROFINANCE ORGANIZATION CREDO. Financial Statements for the year ended December 31, 2008, and Independent Auditors Report

LLC MICROFINANCE ORGANIZATION CREDO. Financial Statements for the year ended December 31, 2008, and Independent Auditors Report Financial Statements for the year ended December 31, 2008, and Independent Auditors Report PAGE INDEPENDENT AUDITOR S REPORT 3 FINANCIAL STATEMENTS: Consolidated Balance Sheet 4 Consolidated Income Statement

More information

Latvia. Capital city: Riga. GDP/capita 2015: USD Telephone code: Language: Latvian. National day: May 4th. Superficy: km 2

Latvia. Capital city: Riga. GDP/capita 2015: USD Telephone code: Language: Latvian. National day: May 4th. Superficy: km 2 Latvia ALBANIA Capital city: Riga Superficy: 64 597 km 2 Population: 2 001 M. Language: Latvian Political system: Parliamentary republic GDP/capita 2015: USD 13 649 Currency: Euro ISO Code: LVA Telephone

More information

JSC ProCredit Bank International Financial Reporting Standards Consolidated and Separate Financial Statements and Independent Auditors Report 31

JSC ProCredit Bank International Financial Reporting Standards Consolidated and Separate Financial Statements and Independent Auditors Report 31 JSC ProCredit Bank International Financial Reporting Standards Consolidated and Separate Financial Statements and Independent Auditors Report 31 December 2017 TABLE OF CONTENTS INDEPENDENT AUDITOR S REPORT

More information

JSC MICROFINANCE ORGANIZATION FINCA GEORGIA. Financial Statements for the year ended 31 December 2008, and Independent Auditors Report

JSC MICROFINANCE ORGANIZATION FINCA GEORGIA. Financial Statements for the year ended 31 December 2008, and Independent Auditors Report JSC MICROFINANCE ORGANIZATION FINCA GEORGIA Financial Statements for the year ended 31 December 2008, and Independent Auditors Report PAGE INDEPENDENT AUDITORS REPORT 3 FINANCIAL STATEMENTS: BALANCE SHEETS

More information

GEORGIA - PROMISING MARKET FOR INVESTMENTS

GEORGIA - PROMISING MARKET FOR INVESTMENTS GEORGIA - PROMISING MARKET FOR INVESTMENTS GEORGIA IS A WINNING COMBINATION Strategically located at the crossroad of Europe and Asia Modern and fast-developing infrastructure Free Trade Agreements with

More information

Registration to T2S. 07 May Patrick Heyvaert

Registration to T2S. 07 May Patrick Heyvaert 07 May 2015 Patrick Heyvaert Registration Ordering T2S services via VAN Only for directly connected Procedure SWIFT or SIA-Colt Static data test environment (T2S community and pre-production environments)

More information

ProCredit Bank Georgia 3 Mission Statement 4 Who we are: ProCredit today 6 Business ethic 9 Ratings 10 Key figures 10

ProCredit Bank Georgia 3 Mission Statement 4 Who we are: ProCredit today 6 Business ethic 9 Ratings 10 Key figures 10 2 ANNUAL REPORT 2017 CONTENT ProCredit Bank Georgia 3 Mission Statement 4 Who we are: ProCredit today 6 Business ethic 9 Ratings 10 Key figures 10 Our business model 11 Macroeconomic Development 11 Key

More information

Assignment 12 Priority: Secured Party v. Lien Creditor. Review Problem. SP v. Lien Creditor: General Rules

Assignment 12 Priority: Secured Party v. Lien Creditor. Review Problem. SP v. Lien Creditor: General Rules Assignment 12 Priority: Secured Party v. Lien Creditor Reference: Understanding Secured Transactions 14.01, 14.02 9-201. (a) [General effectiveness.] Except as otherwise provided in [the UCC], a security

More information

Georgian Railway JSC. Short Performance Overview 31 March 2012

Georgian Railway JSC. Short Performance Overview 31 March 2012 Georgian Railway JSC Short Performance Overview 31 March 2012 Georgian Railway: Revenue and Profitability Revenue GEL, mm 318.8 14.2 14.0 290.7 404.7 12.1 14.7 377.9 477.4 7.2 15.3 454.9 103.4 105.8 2.6

More information

Consolidated Annual Monitoring Report. Regional Development Programme of Georgia for

Consolidated Annual Monitoring Report. Regional Development Programme of Georgia for Consolidated Annual Monitoring Report Regional Development Programme of Georgia for 2015-2017 Department of European Integration and Reforms Assistance, Ministry of Regional Development and Infrastructure

More information

Fight against Corruption constitutes one of the main priorities of the Government of Georgia. Measures implemented in 2010 include adoption of

Fight against Corruption constitutes one of the main priorities of the Government of Georgia. Measures implemented in 2010 include adoption of Fight against Corruption constitutes one of the main priorities of the Government of Georgia. Measures implemented in 2010 include adoption of National Anti-Corruption Strategy and Action Plan, institution

More information

Investment Climate & Opportunities in Georgia

Investment Climate & Opportunities in Georgia Investment Climate & Opportunities in Georgia 1 What is Georgia? Basic overview, 2010 Population: 4.4 million people Capital: Tbilisi (1.2 million people) Area: 69,700 sq km Currency: Lari (GEL) Growth:

More information

Investment potential of manufacturing footwear and bags in Georgia. Enterprise Georgia LEPL April 2018

Investment potential of manufacturing footwear and bags in Georgia. Enterprise Georgia LEPL April 2018 Investment potential of manufacturing footwear and bags in Georgia Enterprise Georgia LEPL April 2018 Disclaimer The study of the investment potential of manufacturing footwear, bags and accessories in

More information

TBC BANK GROUP International Financial Reporting Standards Condensed Consolidated Interim Financial Information (Unaudited) 30 June 2013

TBC BANK GROUP International Financial Reporting Standards Condensed Consolidated Interim Financial Information (Unaudited) 30 June 2013 TBC BANK GROUP International Financial Reporting Standards Condensed Consolidated Interim Financial Information (Unaudited) 30 June 2013 CONTENTS REVIEW REPORT UNAUDITED CONDENSED CONSOLIDATED INTERIM

More information

JSC TBC Bank. Notice of the Annual General Meeting of Shareholders. To be held on 19 May 2015

JSC TBC Bank. Notice of the Annual General Meeting of Shareholders. To be held on 19 May 2015 JSC TBC Bank Notice of the Annual General Meeting of Shareholders To be held on 19 May 2015 At TBC Bank s Head Office, 7 Marjanishvili Street, Tbilisi, Georgia Record date: 14 April 2015 JSC TBC Bank 7

More information

JSC Microfinance Organization Crystal Financial Statements for the year ended 31 December 2016

JSC Microfinance Organization Crystal Financial Statements for the year ended 31 December 2016 JSC Microfinance Organization Crystal Financial Statements for the year ended 31 December 2016 Contents Auditors Report... 3 Statement of profit or loss and other comprehensive income... 5 Statement of

More information

TBC BANK GROUP International Financial Reporting Standards Condensed Consolidated Interim Financial Information (Unaudited) 31 March 2014

TBC BANK GROUP International Financial Reporting Standards Condensed Consolidated Interim Financial Information (Unaudited) 31 March 2014 TBC BANK GROUP International Financial Reporting Standards Condensed Consolidated Interim Financial Information (Unaudited) 31 March 2014 CONTENTS REVIEW REPORT UNAUDITED CONDENSED CONSOLIDATED INTERIM

More information

OFFICIAL DOCUMENTS. Thilisi, 25 March, Dear President Kim,

OFFICIAL DOCUMENTS. Thilisi, 25 March, Dear President Kim, PRIME MINISTER OF GEORGIA OFFICIAL DOCUMENTS Thilisi, 25 March, 2017 Dear President Kim, The Government of Georgia takes this opportunity to express its profound appreciation to the World Bank for strong

More information

Gross Domestic Product of Georgia in 2015

Gross Domestic Product of Georgia in 2015 NATIONAL STATISTICS OFFICE OF GEORGIA (GEOSTAT) Gross Domestic Product of Georgia in 2015 15.11.2016 As a result of annual adjustment, the 2015 Gross Domestic Product (GDP) of Georgia at current prices

More information

ERB İSTANBUL HOLDİNG A.Ş. (Formerly known as EFG İSTANBUL HOLDİNG A.Ş. )

ERB İSTANBUL HOLDİNG A.Ş. (Formerly known as EFG İSTANBUL HOLDİNG A.Ş. ) FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2015 TOGETHER WITH INDEPENDENT AUDITOR S REPORT CONTENTS PAGES BALANCE SHEET... 1 STATEMENT OF COMPREHENSIVE INCOME... 2 STATEMENT OF CHANGES IN EQUITY...

More information

Final Rating. Crystal Fund Georgia. Microfinanza Rating November 2005

Final Rating. Crystal Fund Georgia. Microfinanza Rating November 2005 Microfinanza Rating November 2005 Crystal Fund Georgia Final Rating BB First rating Validity: 1 year if no relevant changes in operations or within the operation context will happen. Previous rating: B+

More information

Georgian State Electrosystem JSC. Special Purpose Project Financial Statements for the year ended 31 December 2016

Georgian State Electrosystem JSC. Special Purpose Project Financial Statements for the year ended 31 December 2016 Public Disclosure Authorized Georgian State Electrosystem JSC Public Disclosure Authorized Special Purpose Project Financial Statements for the year ended 31 December 2016 Public Disclosure Authorized

More information

BATUMI BUSINESS TOUR 27 SEPTEMBER - 01 OCTOBER 2016 BUSINESS TOUR

BATUMI BUSINESS TOUR 27 SEPTEMBER - 01 OCTOBER 2016 BUSINESS TOUR BATUMI BUSINESS TOUR 27 SEPTEMBER - 01 OCTOBER 2016 BUSINESS TOUR GENERAL INFORMATION ABOUT GEORGIA Area: 69,700 sq km Population: 3.7 mln Life expectancy: 75 years Official language: Georgian Literacy:

More information

Bank details required for receiving transfers in US dollars (the transfer can be sent via any of these banks)

Bank details required for receiving transfers in US dollars (the transfer can be sent via any of these banks) ł ø æ ł æ æ æ (ø ß ß æł œ ßæ æß ) Bank details required for receiving transfers in US dollars (the transfer can be sent via any of these banks) * Raiffeisen Bank International AG Address: Am Stadtpark

More information

Item Description Specific General

Item Description Specific General PROVISIONS Item Description Specific General A.1 Previous Balance 0 0 A.2 Charge to P&L A/C 0 0 A.3 Release to P&L A/C 0 0 A.4 s written off 0 0 A.5 Recoveries of amounts written off 0 0 A.6 Current Balance

More information

Georgian Oil and Gas Corporation JSC

Georgian Oil and Gas Corporation JSC Unaudited Interim Consolidated Condensed Financial Statements for the six months ended 30 June 2016 Contents Condensed Consolidated Interim Statement of Financial Position 3 Condensed Consolidated Interim

More information

GEORGIA: DROUGHT. The context. appeal no. 31/00 situation report no. 1 period covered: November January 2001.

GEORGIA: DROUGHT. The context. appeal no. 31/00 situation report no. 1 period covered: November January 2001. GEORGIA: DROUGHT 7 February 21 appeal no. 31/ situation report no. 1 period covered: November 2 - January 21 The drought in Georgia compounds an already dire economic situation in the country. While the

More information

Municipal Water and Wastewater Sector in Georgia, Environmental Financing Strategy

Municipal Water and Wastewater Sector in Georgia, Environmental Financing Strategy Ministry of Environment, Denmark Municipal Water and Wastewater Sector in Georgia, Environmental Financing Strategy Submitted to the Government of Georgia DEPA/DANCEE Danish Environmental Protection Agency

More information

Retail Electric Service Suppliers Certification Process. Hisham Choueiki, Ph.D., P.E. Ohio PUC Staff October 20-24, 2014 Tbilisi, Georgia

Retail Electric Service Suppliers Certification Process. Hisham Choueiki, Ph.D., P.E. Ohio PUC Staff October 20-24, 2014 Tbilisi, Georgia Retail Electric Service Suppliers Certification Process Hisham Choueiki, Ph.D., P.E. Ohio PUC Staff October 20-24, 2014 Tbilisi, Georgia List of Acronyms Used CRES Certified Retail Electric Service AGG

More information

Public Disclosure Copy

Public Disclosure Copy Public Disclosure Authorized EUROPE AND CENTRAL ASIA Georgia Transport & ICT Global Practice IBRD/IDA Investment Project Financing FY 2015 Seq No: 5 ARCHIVED on 09-Feb-2017 ISR25380 Implementing Agencies:

More information

Public Disclosure Copy

Public Disclosure Copy Public Disclosure Authorized EUROPE AND CENTRAL ASIA Georgia Transport & ICT Global Practice IBRD/IDA Investment Project Financing FY 2015 Seq No: 6 ARCHIVED on 11-Sep-2017 ISR28869 Implementing Agencies:

More information

ICP Account Application Form for T2S

ICP Account Application Form for T2S ICP Account Application Form for T2S We, the undersigned, representing, hereby request LuxCSD S.A. ( LuxCSD ) to open an account in our name with the Account name following specifications: 1 Registered

More information

Georgian Way Towards Trade Facilitation

Georgian Way Towards Trade Facilitation Georgian Way Towards Trade Facilitation Georgia Revenue Service (United Tax and Customs Administration) Guangzhou, China 24-25 November 2011 Summary Reforms in Tax and Customs Spheres Electronic Tax Administration

More information

Project ADC I TBILISI JULY 2018

Project ADC I TBILISI JULY 2018 Project ADC I TBILISI JULY 2018 GEORGIA - HIGH LEVEL DESCRIPTION Population (2018) GDP (2017*) 3.73 million US$ 15.2 billion GDP/Capita (PPP) (2017*) c.us $ 10,600 Real GDP Growth (2017*) + 5.0% Real GDP

More information

TBC BANK GROUP. Consolidated Financial Statements For the Years Ended 31 December 2006 and and Independent Auditors Report

TBC BANK GROUP. Consolidated Financial Statements For the Years Ended 31 December 2006 and and Independent Auditors Report Consolidated Financial Statements For the Years Ended and and Independent Auditors Report TABLE OF CONTENTS Page STATEMENT OF MANAGEMENT S RESPONSIBILITIES FOR THE PREPARATION AND APPROVAL OF THE CONSOLIDATED

More information

International Investment Bank is an international financial organization Established in 1970

International Investment Bank is an international financial organization Established in 1970 SUPPORTING SMEs CONTENTS: IIB IS AIMED AT SME IN ITS MEMBER STATES WE HAVE CUSTOMIZED SME APPROACH FOR EACH MEMBER STATE FOCUS ON COOPERATION WITH LEADING FINANCIAL INSTITUTIONS FINANCING IS PROVIDED IN

More information

Georgian Leasing Company LLC Consolidated financial statements

Georgian Leasing Company LLC Consolidated financial statements Consolidated financial statements For the year ended 31 December together with the independent auditor s report Consolidated financial statements Contents Independent auditor s report Consolidated statement

More information

Georgia s Foreign Debt and Sustainable Development

Georgia s Foreign Debt and Sustainable Development Georgia s Foreign Debt and Sustainable Development 1 1. Background Information According to the data of the Finance Ministry of Georgia, the foreign debt of Georgia is USD 4,206 billion as of 2011 with

More information

TAX RATES AND PAYMENT TERMS

TAX RATES AND PAYMENT TERMS TAX RATES AND PAYMENT TERMS TAX TYPES TAX RATES DECLARATION DEADLINES PAYMENT TERMS TREASURY CODES No later than 1 st April of INCOME TAX 20% No later than 1 st April of In case of cessation of activities

More information

Insight Session: T2S Auto-collateralisation

Insight Session: T2S Auto-collateralisation Insight Session: T2S Auto-collateralisation T2S Info Session Vienna, 5 October 2012 T2S Programme Office European Central Bank ECB-PUBLIC 0 Table of Contents T2S Auto-collateralisation 1 Why is auto-collateralisation

More information

Azerbaijan Country Presentation

Azerbaijan Country Presentation Azerbaijan Country Presentation Rufat Mammadov AZPRPOMO Favourable Location Azerbaijan is the country on the crossroads of Eurasia I Establishment: 28 May 1918 I Independence: 18 October 1991 I Official

More information

WOMEN'S WORLD BANKING GH.

WOMEN'S WORLD BANKING GH. CONTENT Background of Women s World Banking Ghana. Position before the introduction of Borrowers & Lenders Act Borrowers & Lenders Act 2008 Impact of the Borrowers & Lenders Act on WWBG Collateral Registry

More information

on loans granted for consumer customers by Bank of China (Hungary) Close Ltd. Effective as from 15 th December, 2016

on loans granted for consumer customers by Bank of China (Hungary) Close Ltd. Effective as from 15 th December, 2016 COMPARISON TABLE on loans granted for consumer customers by Bank of China (Hungary) Close Ltd. Effective as from 15 th December, 2016 The aim of the present comparison table is to compare loans granted

More information

Operation Evaluation Summary. A car manufacturer. (A private sector investment operation) December 11. ab0cd. Evaluation Department (EvD)

Operation Evaluation Summary. A car manufacturer. (A private sector investment operation) December 11. ab0cd. Evaluation Department (EvD) Operation Evaluation Summary A car manufacturer (A private sector investment operation) December 11 Evaluation Department (EvD) ab0cd Operation Evaluation Summary A car manufacturer December 2011 Executive

More information

DEVELOPING LEASING AS A FINANCING TOOL IN MONGOLIA

DEVELOPING LEASING AS A FINANCING TOOL IN MONGOLIA 48 FOCUS SECTION Stewart K. Pirnie DEVELOPING LEASING AS A FINANCING TOOL IN MONGOLIA With a population of less than three million people (35 per cent of which live in the capital Ulaan Baatar) and a land

More information

GHG performance and strategy Speaker: Nikoloz Gamkrelidze, CEO. Georgia Healthcare Group A Long-term, High-growth Investment Story

GHG performance and strategy Speaker: Nikoloz Gamkrelidze, CEO. Georgia Healthcare Group A Long-term, High-growth Investment Story GHG performance and strategy Speaker: Nikoloz Gamkrelidze, CEO Georgia Healthcare Group A Long-term, High-growth Investment Story Georgia Day UK, London October 208 Investor Presentation - FY205 ghg.com.ge

More information

Capital Market Development in Georgia. George Paresishvili CEO Georgian Stock Exchange

Capital Market Development in Georgia. George Paresishvili CEO Georgian Stock Exchange Capital Market Development in Georgia George Paresishvili CEO Georgian Stock Exchange GEORGIA AT A GLANCE General Facts Area: 69,700 sq. km Population (2017): 3.7 Mn Life expectancy: 77 years Official

More information

Financing road maintenance in Georgia

Financing road maintenance in Georgia German Economic Team Georgia in cooperation with ISET Policy Institute Policy Paper Series [PP/03/2014] Financing road maintenance in Georgia Jürgen Ehrke, David Saha Berlin/Tbilisi, November 2014 About

More information

BASISBANK Joint Stock Company. 1, Ke. Tsamebuli Avenue Tbilisi, Georgia

BASISBANK Joint Stock Company. 1, Ke. Tsamebuli Avenue Tbilisi, Georgia BASISBANK Joint Stock Company 1, Ke. Tsamebuli Avenue Tbilisi, Georgia Auditors' Report and Financial Statements Prepared under International Accounting Standards for the year ended 31 December 2002 BASISBANK

More information

Non-entrepreneurial Non-commercial Legal Entity (NNLE) Social Partnership. Statement of Sources and Uses of Funds for the year ended 31 December 2014

Non-entrepreneurial Non-commercial Legal Entity (NNLE) Social Partnership. Statement of Sources and Uses of Funds for the year ended 31 December 2014 Non-entrepreneurial Non-commercial Legal Entity (NNLE) Social Partnership Statement of Sources and Uses of Funds for the year ended 31 December 2014 Contents Independent Auditors Report 3 Statement of

More information

Minsk, Belarus, August Vladimer Getia

Minsk, Belarus, August Vladimer Getia Achievements of financial sustainability of the in countries that are leaving GAVI support Problems and ways of solving them Georgia s Experience Minsk, Belarus, 29-31 August Vladimer Getia The economic

More information

INITIATIVES AND LEGISLATIVE AMENDMENTS FOR PROMOTING BUSINESS ACTIVITIES IN GEORGIA

INITIATIVES AND LEGISLATIVE AMENDMENTS FOR PROMOTING BUSINESS ACTIVITIES IN GEORGIA MGALOBLISHVILI KIPIANI DZIDZIGURI (MKD) Newsletter I, December 2016 - January 2017 INITIATIVES AND LEGISLATIVE AMENDMENTS FOR PROMOTING BUSINESS ACTIVITIES IN GEORGIA LEGAL NEWS AMENDMENTS TO THE ORGANIC

More information

TBC BANK GROUP International Financial Reporting Standards Condensed Consolidated Interim Financial Information (Unaudited) 30 June 2014

TBC BANK GROUP International Financial Reporting Standards Condensed Consolidated Interim Financial Information (Unaudited) 30 June 2014 TBC BANK GROUP International Financial Reporting Standards Condensed Consolidated Interim Financial Information (Unaudited) 30 June 2014 CONTENTS REVIEW REPORT UNAUDITED CONDENSED CONSOLIDATED INTERIM

More information

JSC Georgia Healthcare Group

JSC Georgia Healthcare Group Interim Consolidated Financial Statements For the six-month period ended Together with Independent Auditors Report Interim Consolidated Financial Statements CONTENTS INDEPENDENT AUDITORS REPORT Interim

More information

GEORGIA JOINT NEEDS ASSESSMENT

GEORGIA JOINT NEEDS ASSESSMENT THE UNITED NATIONS THE WORLD BANK GEORGIA JOINT NEEDS ASSESSMENT Donor Funding in Support of Post-Conflict Recovery and Reconstruction PROGRESS REPORT June 30, 2009 The United Nations The World Bank With

More information

Investment Climate & Opportunities in Georgia

Investment Climate & Opportunities in Georgia GEORGIAN NATIONAL INVESTMENT AGENCY Investment Climate & Opportunities in Georgia May, 2011 Georgian National Investment Agency Georgian National Investment Agency was established in 2002 under Ministry

More information

GB Auto (S.A.E.) (An Egyptian Joint Stock Company) Consolidated Financial Statements For The Financial Year Ended December 31, 2016

GB Auto (S.A.E.) (An Egyptian Joint Stock Company) Consolidated Financial Statements For The Financial Year Ended December 31, 2016 Translation from Arabic (An Egyptian Joint Stock Company) Consolidated Financial Statements For The Financial Year Ended December 31, 2016 And Auditor s Report kpmg Hazem Hassan Public Accountants & Consultants

More information

Asset Financing at the BOP Lessons from microleasing

Asset Financing at the BOP Lessons from microleasing Asset Financing at the BOP Lessons from microleasing Introducing the panel Ariane Appel, Client & Partner Relationships, Swisscontact Dr. Victoria Kisyombe, Founder & Managing Director, SELFINA Anitha

More information

Public Disclosure Authorized. Public Disclosure Authorized. Public Disclosure Authorized. Public Disclosure Authorized

Public Disclosure Authorized. Public Disclosure Authorized. Public Disclosure Authorized. Public Disclosure Authorized 69052 Tajikistan Agriculture Sector: Policy Note 3 Demand and Supply for Rural Finance Improving Access to Rural Finance The Asian Development Bank has conservatively estimated the capital investment needs

More information

JSC Georgia Healthcare Group

JSC Georgia Healthcare Group Combined Financial Statements For the year ended 31 December 2014 Together with Independent Auditors Report Combined Financial Statements CONTENTS INDEPENDENT AUDITORS REPORT Combined Statement of Financial

More information

FINCA HAITI S.A. MICROFINANCE CONFERENCE. April,19th 2016

FINCA HAITI S.A. MICROFINANCE CONFERENCE. April,19th 2016 FINCA HAITI S.A. MICROFINANCE CONFERENCE April,19th 2016 1 Mission and Vision of FINCA Mission To provide financial services to the world's lowest-income entrepreneurs so they can create jobs, build assets

More information

EY GEORGIA TAX AND LAW BRIEF

EY GEORGIA TAX AND LAW BRIEF EY GEORGIA TAX AND LAW BRIEF DECEMBER 2018 Law on Amendment of the Tax Code of Georgia From 1 January 2019, the Law on Amendment of the Tax Code of Georgia became effective. The law allows microfinance

More information

Chapter Eleven. Chapter 11 The Economics of Financial Intermediation Why do Financial Intermediaries Exist

Chapter Eleven. Chapter 11 The Economics of Financial Intermediation Why do Financial Intermediaries Exist Chapter Eleven Chapter 11 The Economics of Financial Intermediation Why do Financial Intermediaries Exist Countries With Developed Financial Systems Prosper Basic Facts of Financial Structure 1. Direct

More information

Training Manual: The Basics of Financing Agriculture

Training Manual: The Basics of Financing Agriculture Training Manual: The Basics of Financing Agriculture Acknowledgement The Agriculture Finance Training Manual is part of AgriFin s Agriculture Finance Training Tools. The Manual was developed by IPC - Internationale

More information

MONTHLY AND ANNUAL INFORMATION RETURNS. Summary of Changes to Reporting Requirements

MONTHLY AND ANNUAL INFORMATION RETURNS. Summary of Changes to Reporting Requirements MONTHLY AND ANNUAL INFORMATION RETURNS Summary of Changes to Reporting Requirements MONTHLY AND ANNUAL INFORMATION RETURNS Summary of Changes to Reporting Requirements CASH AND INVESTMENTS Information

More information

Investment Climate & Opportunities in Georgia

Investment Climate & Opportunities in Georgia GEORGIAN NATIONAL INVESTMENT AGENCY Investment Climate & Opportunities in Georgia April, 2011 Georgian National Investment Agency Georgian National Investment Agency was established in 2002 under Ministry

More information

EY GEORGIA TAX AND LAW BRIEF

EY GEORGIA TAX AND LAW BRIEF EY GEORGIA TAX AND LAW BRIEF NOVEMBER 2018 Draft Law on Amendment of the Tax Code of Georgia On 1 November 2018, a Draft Law was initiated in the Parliament of Georgia on the amendment of the Tax Code

More information

Financing Agriculture Forum 2013: Profitable Agricultural Banking Colombo, Sri Lanka. Florence Kariuki August 2013

Financing Agriculture Forum 2013: Profitable Agricultural Banking Colombo, Sri Lanka. Florence Kariuki August 2013 Financing Agriculture Forum 2013: Profitable Agricultural Banking Colombo, Sri Lanka Florence Kariuki August 2013 Introduction Equity Bank was founded as Equity Building Society (EBS) in October 1984 and

More information

Project Financial Statements and Independent Auditor's Report. People in Need non-governmental organization

Project Financial Statements and Independent Auditor's Report. People in Need non-governmental organization Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Project Financial Statements and Independent Auditor's Report People in Need non-governmental organization Youth Inclusion

More information

Liquidity Management in T2S

Liquidity Management in T2S Liquidity Management in T2S Info Session T2S Project Team European Central Bank 1 Outline 1. Liquidity Management in T2S Principles and Definitions Setup 2. Liquidity Management - Scenarios Liquidity Transfers

More information

2017 Beginning Farmer Loan and Tax Credit Programs

2017 Beginning Farmer Loan and Tax Credit Programs 2017 Beginning Farmer Loan and Tax Credit Programs Iowa Agricultural Development Division Staff Steve Ferguson Tax Credit Program Specialist 515.725.4928 steve.ferguson@io wa.gov Tammy Nebola Loan Program

More information

Equalization Formula. Ministry of Finance of Georgia Budget Department. Tbilisi October 18, 2007

Equalization Formula. Ministry of Finance of Georgia Budget Department. Tbilisi October 18, 2007 Equalization Formula Ministry of Finance of Georgia Budget Department Tbilisi October 18, 2007 1 Introduction Current Position Previous Position Reason During Formula development process I used to be the

More information

MEMORANDUM OF UNDERSTANDING. between. THE EUROPEAN UNION as Donor. GEORGIA as Beneficiary. and

MEMORANDUM OF UNDERSTANDING. between. THE EUROPEAN UNION as Donor. GEORGIA as Beneficiary. and Macro-Financial Assistance from the European Union to Georgia of up to EUR 46 million MEMORANDUM OF UNDERSTANDING between THE EUROPEAN UNION as Donor GEORGIA as Beneficiary and THE NATIONAL BANK OF GEORGIA

More information

To receive advanced notification of Performance Bond (margin) changes, through our free automated mailing list, go to

To receive advanced notification of Performance Bond (margin) changes, through our free automated mailing list, go to 15-103 TO: Clearing Member Firms Chief Financial Officers Back Office Managers Margin Managers FROM: CME Clearing SUBJECT: Performance Bond Requirements DATE: Thursday, April 09, 2015 To receive advanced

More information

ACBA CREDIT-AGRICOLE BANK CJSC OPERATIONAL TARIFFS (LENDING OPERATIONS)

ACBA CREDIT-AGRICOLE BANK CJSC OPERATIONAL TARIFFS (LENDING OPERATIONS) ACBA CREDIT-AGRICOLE BANK CJSC OPERATIONAL TARIFFS (LENDING OPERATIONS) Valid from August 16, 2018 1. This document shall establish the interest s of the loans provided to the clients by ACBA-CREDIT AGRICOLE

More information

000 GEL Note 31 December December 2013

000 GEL Note 31 December December 2013 Statement of Financial Position as at 31 December 2014 000 GEL Note 31 December 2014 31 December 2013 Assets Property, plant and equipment 9 12,955 14,886 Intangible assets 6 3 Prepayments for non-current

More information

Genaral Certificate of Education (A/L) Series of Supplementary Seminars Revision Question Paper

Genaral Certificate of Education (A/L) Series of Supplementary Seminars Revision Question Paper Genaral Certificate of Education (A/L) Series of Supplementary Seminars - 2013 Revision Question Paper Business Studies - I Time:- Two hours Preparation by the section of Commerce and Business studies

More information

Risk-Based Thinking ISO 13485:2016. Risk Management / Analysis of Risk

Risk-Based Thinking ISO 13485:2016. Risk Management / Analysis of Risk Risk-Based Thinking in ISO 13485:2016 Risk Management / Analysis of Risk Risk-based thinking in ISO 13485:2016 1 Risk Management Every version of the ISO 13485 standard has advocated risk management and

More information

Understanding the Concept of Borrowing Money

Understanding the Concept of Borrowing Money Lesson D1 2 Understanding the Concept of Borrowing Money Unit D. Basic Agribusiness Principles and Skills Problem Area 1. Managing Personal Finances Lesson 2. Understanding the Concept of Borrowing Money

More information

JSC Microfinance Organization Credo Financial statements. Year ended 31 December 2016 together with independent auditor s report

JSC Microfinance Organization Credo Financial statements. Year ended 31 December 2016 together with independent auditor s report Financial statements Year ended 31 December 2016 together with independent auditor s report Financial statements Contents Independent auditor s report Statement of financial position... 1 Statement of

More information