Georgian commercial banks in figures
10 November, 2010
Georgian commercial banks in figures

The banking sector finished September of 2010 with profit, like the previous month. The net profit in September constituted GEL 23.6 million and the net profit year-to-date constituted GEL 95.3 million, National Bank of Georgia informs.
The loan portfolio decreased by 0.4% compared to the previous month by October 1, 2010 while total volume of deposits increased by 1.7% in the reported period.
The volume of lending by commercial banks (including loans to non-residents) decreased by 0.4% compared to the

previous month and constituted GEL 5.8 billion by October 1, 2010. The volume of loans provided in the national currency increased by GEL 24.8 million (1.6%), while the volume of loans in foreign currency decreased by GEL 46.3 million (1.1%). National Bank of Georgia (NBG) attributes the fall of loans provided in the foreign currency to the national currency appreciation.
By the end of September 2010 commercial banks issued to resident legal entities GEL 686.3 million worth of national currency-denominated loans (0.7% or GEL 5 million more compared to previous month) and GEL 2.7 billion worth of loans in foreign currency (0.7% or GEL 18.6 million less, respectively).
Out of the total volume of lending to legal entities, the biggest share falls on trade – 49.3%. Compared with the previous month the volume of loans provided for trade increased by 1.2% or GEL 18.9 million and exceeded GEL 1.6 billion.
Share of loans provided to the industrial sector constituted 21.3% of all loans to legal entities and amounted to GEL 709.6 million by October 1, 2010 (0.2% or GEL1.3 million decreased compared to the previous month). 11.1% fall on construction, amounting to GEL 371.4 million (0.2% or GEL 0.8 million decreased, respectively). 81.7% of the total volume of lending to the legal entities falls only on three sectors – industry, construction and trade.
The volume of lending to resident individuals increased by 0.6% or GEL 14.1 million during the past month, and exceeded GEL 2.2 billion by October 1, 2010.
Total volume of deposits in the country’s banking sector (including term deposits and current accounts of non-financial and households sectors, including payable interest) increased by 1.7% or GEL 78.3 million compared with the previous month and reached GEL 4.6 billion by October 1, 2010. In comparison with the previous month, in September the volume of transferable deposits and term deposits of non-financial and household sectors increased by GEL 29.2 million or 1.5% and by GEL 49.8 million or 2%, respectively.
The dollarization ratio of deposits constituted 74.6% in the reported period and decreased by 0.29 percentage points compared to the previous month.
The annual average weighted interest rate for all deposits amounted to 8%. The interest rate for national currency denominated and foreign currency denominated deposits stood at 10% and 7.6% respectively.
The share of US dollar in the total volume of foreign currency denominated deposits equals to 69.4% and the share of Euro equals to 18.2 %.
As of October 1, 2010, the banking sector in Georgia is represented by 19 commercial banks, including 14 foreign-controlled banks and two branches of non-resident banks. Compared with the previous month total assets of Georgian commercial banks (in current prices) increased by GEL 23.5 million (by 0.2%) and constituted GEL 9869.2 million. The banking sector’s own funds (equity capital) equal to GEL 1696.5 million which makes up 17.2% of commercial banks’ total assets.
The share of five banks having the largest assets within the total amount of the banking sector assets increased by 0.7% compared to the previous month and constituted 78%.The share of foreign capital in banks’ total paid-in capital equals to 80.5%.

Other Stories
Doing business in Georgia has become easier than in America
According to the Doing Business 2019 report published by the World Bank, Georgia ranked 6th among 190 countries in terms of simplicity of doing business. This was an improvement over two ranks compared to last year.
Innovative and reliable online shop in Georgia -
Status of Georgia as a business and tourism interesting country is growing from year to year.
Tbilisi TV Broadcasting Tower – Better than the Eiffel Tower?
It is planned to renovate the Tbilisi TV Broadcasting Tower, one of the landmarks in the capital.
Georgian Fusion Menu by The Biltmore Hotel Tbilisi
5,895,914 international visitors have visited Georgia between January and August of 2018. Compared to the previous year the number has increased by 12.2 per cent.
Advertising of gambling and lucrative games may become banned in Georgia
Advertising of gambling and lucrative games may become banned in Georgia. Those who violate the new rule would be fined GEL 10 000.
Lebanese café-lounge Beirut opens in Tbilisi
What is necessary to organize an unforgettable event? – Fun, emotions, lots of surprises, good music and delicious menu.
Georgia second among the fastest growing tourist destinations in Europe
Georgia is among the fastest growing tourist destinations in Europe. The data is published by the UN World Tourism Organization.
Bitmain launches world digital mining summit in Tbilisi, Georgia
Bitmain CEO Jihan Wu and Roger Ver, CEO of Head Speaker List featuring Circle, and Genesis Mining when Digital Mining Leaders Convene In Tbilisi on September 21-23
TBC Bank and Gazelle Finance have teamed-up to support Medical City, a leading healthcare provider in the western region of Georgia to launch the Western Regional Center Of Modern Medical Technologies.
Equivalent to buried treasure – resources that are underused in Georgia
For 2018 the IMF Commission has forecast an annual economic growth for the Georgian economy of about 5,5%.
Does the quality of Georgian wine increase and how the export affects it
If we look at the data collected about modern Georgian wine, we will find out that the Georgian wines produced between 2015-2017 are much better in terms of their quality and Oenologic features rather than the wines produced between 2009-2011.
Japan simplifies the visa requirements for Georgian citizens
Diplomatic and economic relations between Georgia and Japan are now moving to a new phase. Recently Japan has decided to simplify the visa requirements for Georgian citizens.
M&S (Marks and Spencer) and H&M collections to be produced in Georgia
Garments manufacturer MGMTEX will start production of the M&S and H&M trendy collections from this September.
The World Digital Mining Summit to be held in Georgia
The summit is scheduled to take place between 21st-23rd September in the Hualing Hotel, Tbilisi, Georgia.
Galt and Taggart - Tourism Boom Continues in Georgia
Tourism has become one of the key drivers for the Georgian economy. Galt and Taggart has recently published research about the Georgian tourism sector in the first half of 2018.
"The worst dream for Putin is that Russians want to live in Georgia"
This year, visitors to the Adjara region would notice that there is a boom in construction in and around Batumi.
Underground gas storage facility to be built in Georgia
KfW, a German government-owned development bank signed a EUR 150 million promotional loan with the state-owned Georgian Oil and Gas Corporation (GOGC) for the construction of the first underground gas storage facility in Georgia.
New gambling rules for Georgia
Georgian lawmakers are preparing a new draft law relating to online-casinos and gambling that will seek to curb gambling addiction in Georgia.
How expensive is it to visit Georgia?
The Georgian Lari (GEL) is the official currency of Georgia and is the only legal means of payment in the entire territory of Georgia.
Trade with the EU and the Commonwealth of Independent States (CIS) has grown significantly
Trade with the EU and the CIS has grown by 26% and 33.5 % respectively, says GeoStat, the Georgian National Statistics Office.
The unemployment rate decreases in Georgia
The unemployment rate decreased in Georgia by 1,9% and amounted to 12.1% in the 2nd quarter of 2018 compared with the previous quarter,
Memorandum of Understanding to be signed between Georgia and Malaysia
According to the Georgian Ambassador to Malaysia Nikoloz Apkhazava, Georgia plans to sign a Memorandum of Understanding (MoU) with Malaysia.
“Blauenstein Georgia” due to expand in Georgia
“Blauenstein Georgia” is planning to open more shops in Georgia. It is an agriculture company that sells meat products, meat and convenience food.
The amount of Direct Foreign Investment rises in Georgia
According to the information of the National Statistics Office of Georgia, the amount of direct foreign investment in Georgia has risen
It’s going to get  harder for foreigners to get residence permit in Georgia
It’s going to get harder for foreigners to get permit of residence in Georgia.
Exchange Rates
GEL Exchange Rate
Other Stories
Recently Toyota rolled out Global Campaign under this slogan that reflects the Olympic and Paralympic Spirit of Encouragement,
A couple from Switzerland combines Swiss tradition and technology with Georgian products. Their cheese is made in the Georgian mountains and sold in local stores and hotels.
It has been more than five years since the residents of Lilo village, near Tbilisi, cannot open their windows.
63 000 GEL was received by the Georgian Agro Export Group which is just a small part of the European Neighbourhood Programme for Agricultural and Rural development.
Georgian entrepreneur Guka Tavberidze, who runs his own business in the UK and does it quite well, has been invited by BBC
The grand opening of 7-star The Biltmore Hotel Tbilisi took place in Georgia’s capital on July 31.
DUSHETI, Georgia – The Georgian government and the World Bank will allocate USD 5.6 million (12 million GEL) to fund
A new Georgian clothing brand named Person has emerged in Georgian market.
Georgia is in the midst of an economic maelstrom, Euronews reports.
Situation at Georgia’s mineral water market is interesting: over the last year, the volume of export has grown by 56 percent. According to “GeoStat”, over $114 million worth of mineral water was sold
GEL Exchange
November 2018
Mon Tue Wed Thu Fri Sat Sun
1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30