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Daily News

August 8, 2017

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economics

    AS OF JUNE, YIELD RATE OF 10-YEAR BONDS OF GEORGIAN GOVERNMENT MADE UP 3.5%

    Referring to Bloomberg, National Bank of Georgia reported that as of June, annual yield rate of 10-year bonds of Georgian government, placed at London Stock Exchange (LSE), made up 3.5%. This rate in January made up 4.1% and 3.9% – in March.


    EXCLUDING EXCHANGE RATE EFFECT, TOTAL CREDITS IN JUNE INCREASED BY 16.1% Y-O-Y

    National Bank of Georgia reported that excluding exchange rate effect, nominal annual growth of total credits (19.3 billion lari) in June made up 16.1%.

    Including exchange rate effect, annual growth of credits made up 17.9%, while real growth (i.e. excluding inflation) – 10.8%.


    AS OF JUNE, RATE OF CREDITS’ DOLLARIZATION MADE UP 58.1%

    National Bank of Georgia reported that excluding exchange rate effect, rate of credits’ dollarization (i.e. ratio of credits, issued in the US dollar, to total credits) made up as of June 58.1%. As of June 2016, this indicator made up 66.1%.


    EXCLUDING EXCHANGE RATE EFFECT, TOTAL DEPOSITS IN JUNE INCREASED BY 15.5% Y-O-Y

    National Bank of Georgia reported that excluding exchange rate effect, nominal annual growth of total deposits (16.8 billion lari) in June made up 15.5%.

    Including exchange rate effect, annual growth of deposits made up 17.6%, while real growth (i.e. excluding inflation) – 10.6%.


    AS OF JUNE, RATE OF DEPOSITS’ DOLLARIZATION MADE UP 67.5%

    National Bank of Georgia reported that excluding exchange rate effect, rate of deposits’ dollarization (i.e. share of deposits, placed in the US dollar, in total volume) made up as of June 67.5%. As of June 2016, this indicator made up 79.7%.


    AS OF JUNE, BANKING SECTOR’S ROA MADE UP 3.1%, ROE – 21.9%

    National Bank of Georgia reported that as of June, return on assets (ROA) in the banking sector made up 3.1%, while return on equity (ROE) – 21.9%. As of June 2016, ROA made up 2.6%, while ROE – 18.4%.


    REGULATING COMMISSION: SERVICE IN ELECTRONIC COMMUNICATIONS WILL BE POSSIBLE TO RENDER ON THE BASE OF REMOTE DEAL

    National Communication Commission declared that service in sphere of electronic communications will be possible to render after remote conclusion of agreement.

    Until now, rendering of service in this sphere was possible only after conclusion of written agreement, the Commission explained.


business

    AS OF JUNE, PRICE PER SHARE OF “BOG HOLDINGS” MADE 36 GBP, OF “TBC BANK GROUP” – 17.1 GBP

    Referring to Bloomberg, National Bank of Georgia reported that as of June, price per share of BOG Holdings at London Stock Exchange made up 36 GBP, while of TBC Bank Group – 17.1 GBP.

    To compare: in January, price per share of BOG Holdings made up 28.5 GBP, while of TBC Bank Group – 14.6 GBP.


    REGULATING COMMISSION FINED “GEOCELL” WITH 30,000 LARI

    National Communication Commission declared that it has considered dispute of SystemNet and Geocell in connection with restriction of admission in part of international calls’ termination. After the consideration, the Commission had imposed fine of 30,000 lari on Geocell.


    “BUMBA” TO EXPAND PRODUCTION RANGE THROUGH “PRODUCE IN GEORGIA” PROGRAM

    Ministry of Economy and Sustainable Development declared that LLC Bumba will expand production range and employ additional 20 people within “Produce in Georgia” state program. The company produces plastic ware for already 20 years, the Ministry noted.


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