NBG: Current Condition of Commercial Banks’ Assets

NBG: Current Condition of Commercial Banks’ Assets

NBG: Current Condition of Commercial Banks’ Assets

The FINANCIAL -- As of May 1 2015, the banking sector in Georgia is represented by 20 commercial banks, including 16 foreign-controlled banks and two branches of non-resident banks.

Compared to the previous month, the total assets of Georgian commercial banks increased (in current prices) by 0.8 billion GEL (or by 3.7 percent) and constituted 23.5 billion GEL. However, as a result of operations (exchange rate effect excluded), above mentioned indicator increased by 1.5 percent and the exchange rate changes caused its growth for additional 2.1 percent. The banking sector's own funds (equity capital) equal 3.6 billion GEL, which makes up 15.5 percent of the commercial banks' total assets.

The share of foreign capital in banks' total paid-in capital constituted 70.2 percent, according to NBG.

In April 2015, the banking sector finished with a net profit of 13.4 million GEL.

The five banks with the largest assets constituted 77.5 percent of the banking sector's  total assets.