Cartu Bank has joined Business Association of Georgia

30 Mar '17

Cartu Bank has joined Business Association of Georgia.

Cartu Bank was established as a Joint Stock Company in 1996 and received a banking license from the National Bank of Georgia on January 9, 1997. At the early stage of starting its operations, the Bank’s client-oriented management led to its image and prestige. Cartu Bank offers its customers a stable development. The Bank is constantly improving the existing  and creating the new products, services and procedures.

The bank was established with equity of $1 million (equivalent in GEL), which was gradually increased by the founders and today it amounts to 114,430,000 GEL.

The Bank’s mission is to finance the strategic fields of the country that will make substantial contribution to the growth of Georgian economy and development of businesses. For this purpose, Cartu Bank is closely involved in the projects initiated by the government of Georgia, offering businesses the consumer-oriented credit programs - within the frameworks of state projects -“Produce in Georgia” and “Preferential Agro Credit.” For the active participation in these projects the Bank received the Certificate of Appreciation from the Entrepreneurship Development Agency (Enterprise Georgia) in 2015. JSC Bank Cartu constantly diversifies its portfolio across the sectors and regions.

From the latest developments of JSC Bank Cartu particularly important is the IDR (Issuer Default Rating) rating „B+ with Stable Outlook” received in 2015 from the international financial institution Fitch. This expresses the strength of the bank, the highest standards of its activities and development that will contribute to establish partner relations with local and international financial institutions.