By August 1, 2008, net total assets of Georgian commercial banks (in current prices) grew 23.5% compared to the beginning of the year - a 1690.7 mln lari increase to a total of 8898.8 mln lari.

Starting from the beginning of the year, the banking sector's own funds (equity capital) have grown by 380.7 mln lari (25.9%) to equal 1851.2 mln lari, which makes up 20.8% of commercial banks' net total assets (compared to 20.4% at the beginning of the year). The growth of paid-in capital constituted 137.2 mln lari (30.2%). Compared to the beginning of the year, the number of foreign-controlled banks has increased from 12 to14 and their share in the banks' total equity capital made up 63.9%.

Incomes of active commercial banks reached 964.1 mln lari, which is twice as high as the indicator for the same period of 2007.

In January-July commercial banks' net profit equaled 89.0 mln lari, which is 20.0 mln lari (i.e. 28.9%) higher than the indicator for the same period of last year.

The growth of crediting of the real sector of the economy facilitated the growth of interest incomes. As compared with the last year, this indicator has grown by 62.2% and made up 59.6% of total incomes.

Total value of commercial banks' expenditures constituted 848.7 mln lari in January-July, which is 2.2 times higher than the indicator for the same period of last year. The significant part of the growth of expenditures falls on the interests paid on the loans provided by non-resident banks and international financial organizations as well as on advertising, municipal charges and postal expenses.

The share of five banks having the largest assets within the total amount of the banking sector assets decreased from 80.4% at the beginning of the year to 78.6%.

Profitability of the banking sector assets (ROA) equaled 1.9% and profitability of capital (ROE) - 8.8% (compared to 2.3% and 11.9% respectively for the same period of last year).

Current statistical Information is published on the statistics page.