Current Condition Of Commercial Banks’ Assets

Current Condition Of Commercial Banks’ Assets

Current Condition Of Commercial Banks’ Assets

The FINANCIAL -- As of July 1, 2016, the banking sector in Georgia is represented by 19 commercial banks, including 17 foreign-controlled banks and one branch of non-resident banks.

In June 2016, compared to the previous month, the total assets of Georgian commercial banks increased (in current prices) by 2.0 billion GEL (or by 8.8 percent) and constituted 25.3 billion GEL (exchange rate effect excluded above mentioned indicator increased by 3.2 percent), according to the National Bank of Georgia.

The banking sector's own funds (equity capital) equal 3.7 billion GEL, which makes up 14.6 percent of the commercial banks' total assets.