Created by Anna Mileiko 
Cartu Bank was established in 1996 as JSC Rosiisky Credit-Cartu Commercial Bank and was renamed to Cartu Bank in 1998. Cartu Bank aims at making substantial contribution to the growth of Georgian economy, development of businesses and improvement of living standards for the community. Cartu Bank is focused on providing corporate and business banking products and services to Georgian companies and SMEs, but also offers a range of retail banking solutions.
In 2023, JSC "Cartu Bank" achieved the position of 6th largest bank in Georgia with a market share of 2.58%; its total assets grew by 31.62%.
Additionally, the bank became the 9th profitable bank in relation to its total assets showcasing 1.93% return on assets in 2023.
Also the lender held the 8th position regarging its loans-to-deposits (L/D) registering 88.98% L/D ratio in 2022.
Deposits up to 15,000 GEL are covered by Georgian deposit guarantee scheme in JSC "Cartu Bank".
GeorgiaGEL (Georgian lari)
EUR (Euro)
USD (US dollar)
RUB (Russian ruble)
Becoming a client of JSC "Cartu Bank" can be done in a few steps:
JSC "Cartu Bank" performs client's identity verification via branch visit.
branch
online banking
JSC "Cartu Bank" ranks as the 6th largest bank in Georgia by total assets. In 2023 its total assets were 2,095.33 mln GEL, representing a 2.58% market share. In 2023 the bank's net income was 35.67 mln GEL.
Deposit Insurance Agency of Georgia (DIAG)JSC "Cartu Bank" protects deposits up to up to 15,000 GEL per depositor through Georgia's deposit guarantee scheme. The scheme applies to all types of deposits made by natural persons (residents and non-residents). The bank participates in the Deposit Insurance Agency of Georgia (DIAG), making regular contributions into it.
#39a, Chavchavadze Avenue, 0162, Tbilisi, Georgia
(995 32) 2 925 592
(995 32) 2 912 279Georgian
EnglishJSC "Cartu Bank" is headquartered in Tbilisi.
JSC "Cartu Bank" has profiles at the following social networks:
JSC "Cartu Bank" is authorized and supervised by the National Bank of Georgia.
GeorgiaGELEURUSDRUBVisaMasterCardJSC "Cartu Bank" provides products and services in the areas of retail banking, business banking, corporate banking. JSC "Cartu Bank" offers a range of products including current accounts, debit cards, savings accounts, time deposit accounts, children deposit accounts, certificates of deposit, business loans, documentary operations. JSC "Cartu Bank" offers several money transfer options including Western Union, Intel Express, Unistream, Zolotaya Korona, Contact. JSC "Cartu Bank" makes its solutions available to natural persons, companies.
Opening an account with JSC "Cartu Bank" can be done by performing the following steps: visit bank branch.
JSC "Cartu Bank" performs identity verification using branch visit.
branch online bankingProducts and services offered by JSC "Cartu Bank" are available at its branches and via its online banking system.
In 2023 total assets of JSC "Cartu Bank" were 2,095.33 mln GEL. Growth compared to the previous period (2022) was 31.62%. The evolution of the total assets of JSC "Cartu Bank" is shown at Chart 1 below.
Chart 1. Total Assets of JSC "Cartu Bank".
Recent changes in total assets of JSC "Cartu Bank" and its main components are shown in Table 1.
| 2022 | 2023 | change (%) | |
|---|---|---|---|
| Loans to banks | 236.9 | ||
| Loans to customers | 746.0 | ||
| Total Assets | 1,591.9 | 2,095.3 | +31.62% |
Table 1. Recent changes in total assets of JSC "Cartu Bank" (mln GEL).
Recent changes in total liabilities of JSC "Cartu Bank" and its main components are shown in Table 2.
| 2022 | 2023 | change (%) | |
|---|---|---|---|
| Bank deposits | 0.0 | ||
| Customer deposits | 1,104.7 | ||
| Total Liabilities | 1,591.9 | 2,095.3 | +31.62% |
Table 2. Recent changes in total liabilities of JSC "Cartu Bank" (mln GEL).
Recent changes in gross profit of JSC "Cartu Bank" and its main components are shown in Table 3.
| 2021 | 2022 | change (%) | |
|---|---|---|---|
| Interest Income | 94.6 | 82.2 | -13.03% |
| Interest Charges | -35.4 | -28.5 | -19.47% |
| Commission Income | 7.1 | 15.1 | +111.22% |
| Commission Charges | -5.3 | -12.5 | +134.60% |
Table 3. Recent changes in gross profit of JSC "Cartu Bank" (mln GEL).
In 2023 net income of JSC "Cartu Bank" was 35.67 mln GEL. Growth compared to the previous period (2022) was 27.23%. The evolution of the net income of JSC "Cartu Bank" is shown at Chart 2 below.
Chart 2. Net Income of JSC "Cartu Bank".
In 2023 JSC "Cartu Bank" was ranked the 6th largest bank in Georgiain terms of total assets, having 2.58% of the domestic market share.
Chart 3. Market share of JSC "Cartu Bank" (among banks in Georgia)
Historical changes in JSC "Cartu Bank"'s domestic rank and market share over 2019-2023 are shown below:
| Year | Rank | Market % |
|---|---|---|
| 2023 | 6 | 2.58 % |
| 2022 | 7 | 2.19 % |
| 2021 | 8 | 2.23 % |
| 2020 | 7 | 2.60 % |
| 2019 | 7 | 2.74 % |
TheBanks.eu identified several banks banks having the market shares and ranks closest to JSC "Cartu Bank" listed below.
| Rank | Name | Market % | Total Assets |
|---|---|---|---|
| 5 |  | 3.04% | 2,469.76 mln GEL (+12.90%) |
| 6 | | 2.58% | 2,095.33 mln GEL (+31.62%) |
| 7 |  | 2.21% | 1,793.39 mln GEL (+2.97%) |
Discover key identifiers of JSC "Cartu Bank" including its BIC.
BIC: CRTUGE22
The BIC (also known as SWIFT code) for JSC "Cartu Bank" is CRTUGE22. It is used in financial transactions like cross-border and SEPA payments, and helps identify the bank in global banking systems.
| Key | Value |
|---|---|
| BIC | CRTUGE22 |
| Bank BIC Code | CRTU |
| Country Code | GE (Georgia) |
| Location Code | 22 |
| Branch Code | - |
TheBanks.eu identified several banks similar to JSC "Cartu Bank" based on various criteria, including:
