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Strong iPhone Sales Drive Record March Quarter Revenue and 15 Percent EPS Growth

Friday, April 25, 2014
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Current Condition of Commercial Banks’ Assets

30/01/2012 04:20 (815 Day 19:25 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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“The former Yugoslav Republic of Macedonia”: presidential election and early parliamentary elections

23/04/2014 16:38 (1 Day 07:07 minutes ago)

The FINANCIAL -- A 14-member delegation of the Parliamentary Assembly of the Council of Europe (PACE), led by Stefan Schennach (Austria, SOC), will travel to “the former Yugoslav Republic of Macedonia” from 25 to 28 April to observe the conduct of the presidential election (2nd round) and the early parliamentary elections, alongside observers from the OSCE’s Parliamentary Assembly and Office for Democratic Institutions and Human Rights (ODIHR), according to PACE.


Major Cloud Service Providers Slash Prices; Threaten Smaller Players’ Existence: IDC Warns

19/04/2014 13:40 (5 Day 10:05 minutes ago)

The FINANCIAL -- In the last week of March, major Cloud Service Providers (CSPs) in Asia dropped their prices for core services dramatically and IDC believes that this will make it very difficult for smaller CSPs to remain in business if they continue to rely on provision of basic, undifferentiated services, according to International Data Corporation (IDC).

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