PASHA Bank Georgia reports 33% asset growth in 2024 beating market trends

PASHA Bank Georgia has announced its audited financial results for the year 2024, showcasing significant growth across key financial metrics. With a 33% increase in assets, the bank has outpaced the local market growth by 1.6 times. The results reflect the bank’s continued commitment to delivering value to its clients and stakeholders.

According to the audited financials, PASHA Bank Georgia achieved the following results:

• Total Assets: GEL 707 million, a 33% increase
• Total Credit Portfolio: GEL 438 million, a 28% increase
• Total Deposits: GEL 394 million, a 36% increase
• Total Regulatory Capital: GEL 147 million, a 20% increase
• Net Profit: GEL 8.3 million

Commenting on the bank’s performance, CEO of PASHA Bank Georgia, Ramil Imamov, stated: “Our 2024 financial results demonstrate the strength and resilience of PASHA Bank Georgia. We have successfully expanded our asset base, increased our credit portfolio, and significantly grown our deposit base, all of which underscore the trust and confidence our clients place in us.”

In addition to its financial achievements, in 2024 PASHA Bank Georgia has received a B/B long-term and short-term credit rating with a stable outlook from S&P Global Ratings. This rating represents a significant milestone, reinforcing the bank’s financial stability and growth trajectory.

“Receiving a credit rating from S&P Global Ratings is a testament to our solid financial foundation and strategic direction,” added Ramil Imamov. “We remain committed to supporting the business community in Georgia and fostering long-term partnerships that contribute to economic growth.”