Tbilisi (GBC) - MFO Euro credit's income from pawnshops has decreased, while in previous years it was growing by an average of 15-20% annually.
Eurocredit's income from pawnshop loans for Q1.2025 is 6.5 million GEL (Q1/2024 – 6.6 million, Q1/2023 – 5.7 million).
Loans to the private sector have increased, to 75.8 million GEL (Q1/2024 – 72.9 million, +4%Y.Y).
In the first quarter, Eurocredit received a net profit of 2.8 million GEL (Q1/2024 – 2.1 million, + 33%Y.Y).
| Q1/2025 | Q1/2024 | |
| Assets | 74,650,703 | 71,321,200 | 
| Loans | 75,768,821 | 72,919,800 | 
| Interest Income | 7,357,118 | 7,535,297 | 
| Income From Pawnshop | 6,550,060 | 6,651,599 | 
| Non-interest expenditures | 3,077,631 | 3,223,327 | 
| Staff cost | 1,565,643 | 1,601,103 | 
| Net Profit | 2,838,415 | 2,100,417 | 
Source: Eurocredit & BRG
The microfinance organization has been on the market since 2011.
The Supervisory Board is represented by Michael Kaganovich, /Israel/; Deputy: Shai Shalom /Israel/; Independent Member: Maia Kheladze.
The MFO has non-resident owners:
- Meni Benish;
- Yosef Reuven Grenikas;
- Eyal Duenias;
- Oren Duenias.
 
     
  
  
  
  
  
  
  
  
  
  
  
  
  
  
         
         
         
        