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
EU to allocate € 13 billion for Eastern Partnership countries, including Georgia
The European Union together with the World Bank plans to allocate investment worth € 13 billion for infrastructure projects in the Eastern Partnership countries.
Anaklia Port and its importance for Georgia
In 2016, Anaklia Development Consortium was authorized to launch the construction of Anaklia Port.
Cryptocurrency mining threatens electrical network in Abkhazia
In the breakaway region of Akbhazia rampant cryptocurrency mining is threatening the shaky electrical network, reports an article of the news portal EuroNet.
Caucasus Wine University to be opened in Gurjaani
In the Kakheti region a new viticulture campus of the Caucasus University is in the process of planning.
Photos describing life of the poorest in Georgia
Fight with poverty should be among top priorities of every government in every country.
Training farmers to rescue the organic hazelnut production in Georgia
Even drizzling rain and unpleasant gusts of wind can’t prevent the farmers from coming and participating in the agricultural training.
Bleak times for organic farmers in Georgia – but there is hope
Organic hazelnut production is a delicate plant in Georgia that has emerged just a couple of years ago. Various pests, among them the Asian stink bug Parosana, trouble hazelnut farmers and menace their livelihood – even before their businesses could really take off.
Hybrid car imports are going through the roof in Georgia
Thanks to their fuel economy, the popularity of hybrid cars is increasing in Georgia, where fuel affordability is low and prices for fuel are unstable.
The New Year offer from MAQRO Construction - Apartments with unbelievable discounts and the parking spaces for FREE!
Location, green yard, spaces for various needs, experience of the construction company and parking space are the main important criteria for potential buyers of apartments.
Interview with the co-founder of Kiwi Vegan Café – the first vegan place in Tbilisi
Behind the Kiwi Vegan Café stands a group of activists who wants to raise Georgian’s awareness for animal rights and welfare.
Biblusi opens first shop for tourists - Georgian
The largest book shop in Georgia Biblusi opens the first shop specially designated to the needs and interests of tourists and named it Georgian.
Georgia improves by five ranks in the Prosperity Index
In the overall Prosperity Index rankings, Georgia has climbed by 5 positions from 85 to 80 when compared to last year. As such, Georgia is the best performing country in the CIS zone.
The future is bright for electric cars in Georgia
The numerous hybrid cars in the streets of Tbilisi cannot be overlooked. Entrepreneur Sulkhan Gvalia calls them “pagers”, referring to the predecessor of mobile phones.
Georgia’s fight against the big tiny enemy – Asian Parosana
It’s a tiny creature, but the harm it did to the Georgian agriculture sector was and still is immense.
New cable route: from Kobi to Gudauri in 15 minutes
On the 15th of December, cable transport is scheduled to be opened connecting Kobi and Gudauri.
Tourist boom in Gudauri – majority of hotels are booked by foreigners
Gudauri is among the most popular winter resorts in Georgia.
Medical tourism increases in Georgia
In the last 9 months, Georgia was visited by 19 500 foreigners for medical and recovery purposes.
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.
Problems that foreigners frequently face in Georgia
The importance of Georgia as a tourism hub is growing year after 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
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
January 2019
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 31