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Saturday, April 19, 2014
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Current Condition of Commercial Banks’ Assets

30/01/2012 04:20 (810 Day 07:33 minutes ago)

The FINANCIAL -- As January 1, 2012, the banking sector in Georgia is represented by 19 commercial banks, including 16 foreign-controlled banks and two branches of non-resident banks.



According to National Bank of Georgia compared with the previous month, total assets of Georgian commercial banks (in current prices) increased by 0.8 billion GEL (by 6.7 percent) and constituted 12.7 billion GEL. The banking sector’s own funds (equity capital) equal to 2.1 billion GEL, which makes up 16.6 percent of commercial banks’ total assets.

The share of foreign capital in banks’ total paid-in capital constituted to 78.1 percent.

In 2011 the banking sector finished with profit. The net profit year-to-date constituted 323.0 million GEL.

The share of five banks having the largest assets within the total amount of the banking sector assets constituted 80.0 percent.



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Parliament issues strong call for EU lobby transparency register to become mandatory

16/04/2014 16:53 (2 Day 19:00 minutes ago)

The FINANCIAL -- The report approved by MEPs gives an important signal to the European Commission that a far more ambitious approach is needed to secure genuine lobby transparency in the EU, according to EUbusiness Ltd.


Private Sector Driving U.S. Wind Market Forward

18/04/2014 16:46 (19:07 minutes ago)

The FINANCIAL -- The onshore wind energy sector is booming in the United States, where there's enough of the renewable resource on hand to meet the annual demands for 15 million homes. It may take one of the biggest retailers in the world, however, to usher in the necessary change in energy consumption, according to The NASDAQ OMX Group, Inc., exchange company.

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