JSC "Credo Bank"

Anna MileikoCreated by Anna Mileiko, last update 27 October 2023

JSC Credo Bank Logo

Address

#27, Tabukashvili street, 0108, Tbilisi, Georgia

BIC

JSCRGE22

Overview

Category

Commercial banks

Business Focus

SME banking

Established in 2017, Credo Bank is a new innovative bank, focused on providing sustainable financial services for micro-, small- AND medium- enterprises.

Performance

In 2023, JSC "Credo Bank" achieved the position of 5th largest bank in Georgia with a market share of 3.04%; its total assets grew by 12.90%.

Additionally, the bank became the 11th profitable bank in relation to its total assets showcasing 1.76% return on assets in 2023.

Also the lender held the 1st position regarging its loans-to-deposits (L/D) registering 275.96% L/D ratio in 2022.

Deposit Protection

Deposits up to 15,000 GEL are covered by Georgian deposit guarantee scheme in JSC "Credo Bank".

Services

retail banking
business banking

Clients

natural persons
SMEs
businesses

Area Served

GEGeorgia

Products

current accounts
savings accounts
time deposit accounts
children deposit accounts
certificates of deposit
consumer loans
car loans
mortgage loans
student loans
business loans

Account Currencies

GEGEL (Georgian lari)
EUEUR (Euro)
USUSD (US dollar)
other currencies

Card Providers

MasterCard

See Also

International Transfers

SWIFT Transfers
Zolotaya Korona
Ria
Contact
Intel Express
Unistream
Western Union
Blizko
MoneyGram
Xpress Money
UPT

Account Opening

Becoming a client of JSC "Credo Bank" can be done in a few steps:

JSC
1.
Visit bank branch

JSC "Credo Bank" performs client's identity verification via branch visit.

See Also

Ways to Bank

JSC "Credo Bank" delivers its products and services through both direct and indirect channels, namely:
JSC
branch branch
online banking online banking

Financials

Total Assets of JSC
Net_income of JSC
Market Share of JSC
Total Assets (2023)
2,469.76 mln GEL   (+12.90%)
Net Income (2023)
41.07 mln GEL   (-9.15%)

JSC "Credo Bank" is the 5th largest bank in Georgia in terms of total assets. In 2023 its total assets were 2 469,76 mln GEL, providing the bank with the market share of 3.04%. In 2023 the bank's net income was 41,07 mln GEL.

Deposit Guarantee

Guarantee Fund
Deposit Insurance Agency of Georgia (DIAG)Deposit Insurance Agency of Georgia (DIAG)
Protected Amount
up to 15,000 GEL
Eligible Depositors
natural persons (residents and non-residents)
Covered Accounts
all types of deposits

JSC "Credo Bank" participates in the deposit guarantee scheme of Georgia which applies to all types of deposits made by natural persons (residents and non-residents) and covers up to up to 15,000 GEL per bank per depositor. JSC "Credo Bank" is a member of Deposit Insurance Agency of Georgia (DIAG) and makes its contributions into it.

See Also

Contacts

address#27, Tabukashvili street, 0108, Tbilisi, Georgia
phone(995 32) 2424242
Website Languages
GEGeorgian
GBEnglish

JSC "Credo Bank" is headquartered in Tbilisi.

Social Networks

JSC "Credo Bank" has profiles at the following social networks:

Bank Identifiers

BIC (SWIFT)
JSCRGE22

Bank Supervision

Supervised By
National Bank of Georgia

JSC "Credo Bank" is authorized and supervised by the National Bank of Georgia.

Bank History

Start Date
20 March 2017
Flag of Georgia

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