Georgian banking sector in figures
14 October, 2010
Georgian banking sector in figures

The banking sector in Georgia is represented by 19 commercial banks, including 14 foreign-controlled banks and 2 branches of non-resident banks as of September 1, 2010, National Bank of Georgia informs. The share of foreign capital in banks’ total paid-in capital equals to 79.6%. The share of five banks having the largest assets within the total amount of the banking sector assets decreased by 2.3% compared to July and constituted 77.3%. The volume of lending by commercial banks increased by

1.2% and total volume of deposits increased by 1.1% and reached GEL.4.5 billion.
Compared to the previous month total assets of Georgian commercial banks (in current prices) increased by GEL 53.3 million  (by 0.5%) and constituted GEL 9845.7 million. The banking sector’s own funds (equity capital) equal to GEL 1650.9 million which makes up 16.8% of commercial banks’ total assets.
The banking sector keeps the profit trend. It finished August of 2010 with profit like the previous month. The net profit in August constituted GEL 12.1 million and the net profit year-to-date constituted GEL 71.6 million.

The share of five banks having the largest assets within the total amount of the banking sector assets decreased by 2.3% compared to August and constituted 77.3%.
The volume of lending by commercial banks (including loans to non-residents) increased by 1.2% percent compared to the previous month and exceeded GEL 5.9 billion by September 1, 2010. The volume of loans provided in the national currency increased by GEL 41.8 million (2.7%), while the volume of loans in foreign currency increased by GEL 27.5 million (0.6%).
By the end of August 2010 commercial banks issued to resident legal entities GEL 681.4 million worth of national currency-denominated loans (2.3% or GEL15.5 million more compared to previous month) and GEL 2.7 billion worth of loans in foreign currency (0.1% or  GEL 2.8 million more, respectively).
Out of the total volume of lending to legal entities, the biggest share falls on trade – 48.6%. Compared to the previous month the volume of loans provided for trade increased by 1% or GEL16.5 million and exceeded GEL1.6 billion.

Share of loans provided to the industrial sector constituted 21.2% of all loans to legal entities and amounted to GEL710.8 million  by September 1, 2010 (0.5% or GEL 3.8 million growth compared to the previous month). 11.1% fall on construction, amounting to GEL 372.2 million (0.8 % or GEL 2.9 million increased, respectively). Ultimately 80.9 % 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 1.2% or GEL 25.8 million during August of 2010 and exceeded GEL 2.2 billion by September 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 1.1% percent or GEL 48 million compared to July and reached GEL 4.5 billion in the reported period.  In August, compared to the previous month, the volume of transferable deposits and term deposits of non-financial and households sectors increased by GEL 21.8 million or 1.2% and GEL 25.3 million  or 1% respectively.
The annual average weighted interest rate for all deposits amounted to 7.5%. The interest rate for national currency denominated deposits was 9.3% and the interest rate for foreign currency denominated deposits - 7.2%.
The share of US dollar in the total volume of foreign currency denominated deposits equals to 70.4% and the share of Euro equals to 17.4%.

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