International Commercial BankInternational Commercial Bank (ICB) achieved a remarkable 63% growth in Tier 1 capital last year, up from 20% in 2005, and boosted its RoE to 49.7%, from 36.27% in 2005, thanks to the success of combining and integrating effective human and customer resources management strategies.
Bank of GeorgiaBank of Georgia (BoG) has positioned itself as the country’s largest bank, with a 32% market share. Last year, it became the first Georgian bank and the second from the Commonwealth of Independent States (CIS) to list its shares in the form of global depository receipts (GDRs) on the London Stock Exchange, raising $160m.
SEB Eesti ÜhispankOn the back of double-digit growth in the Estonian economy and focus on cost efficiency and excellent credit quality, SEB Eesti Ühispank created new record results in 2006 with a 49% rise in net profits to Ekr1375m ($128,000) and a further 50% net profit growth is forecast for 2007.
Commercial International BankCommercial International Bank (CIB), Egypt’s fifth largest bank with an estimated market share of 6% of total deposits in the local banking sector, produced impressive results in 2006 and maintained its position as the country’s most profitable bank with a return on average equity of 23.45%.