Current Condition of Commercial Banks’ Assets

Current Condition of Commercial Banks’ Assets

30 June, 2010

As of June 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 90.2 million GEL (by 1.0 percent) and constituted 8807.5 million GEL. The banking sector’s own funds (equity capital) equal to 1539.1 million GEL, which makes up 17.5 percent of commercial banks’ total assets.

The share of foreign capital in banks’ total paid-in capital equals to 77.2 percent.

The banking sector finished May 2010 with profit, like the previous month. The net profit in May constituted 4.4 million GEL and the net profit year-to-date constituted 28.8 million GEL.

The share of five banks having the largest assets within the total amount of the banking sector assets decreased by 0.6 percent compared to the previous month and constituted 78.4  percent.

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