Current Condition of Commercial Banks’ Assets

Current Condition of Commercial Banks’ Assets

30 July, 2010

As of July 1, 2010, the banking sector in Georgia is represented by 19 commercial banks, including 13 foreign-controlled banks and 2 branches of non-resident banks. Compared to the previous month total assets of Georgian commercial banks (in current prices) increased by 407.2 million GEL (by 4.6 percent) and constituted 9214.7 million GEL. The banking sector’s own funds (equity capital) equal to 1576.0 million GEL, which makes up 17.1 percent of commercial banks’ total assets.

The share of foreign capital in banks’ total paid-in capital equals to 78.8 percent.

The banking sector finished June 2010 with profit, like the previous month. The net profit in June constituted 8.5 million GEL and the net profit year-to-date constituted 37.3 million GEL.

The share of five banks having the largest assets within the total amount of the banking sector assets increased by 0.2 percent compared to the previous month and constituted 78.6  percent.

Current statistical information is published on the statistics page of the NBG’s website.
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