Daily News February 13, 2018	Days:  09 12 13 14 15

politics

“TI GEORGIA”: LEGISLATURE DOES NOT USE FULLY AVAILABLE CONTROL MECHANISMS

TI Georgia, Georgian branch of Transparency International, declared that Georgian legislature does not use fully available control mechanisms. The organization conducted analysis of execution of supervising function by the Parliament, which covers period after 2012 (win by Georgian Dream of the parliamentary elections) until present.

economics

ASSESSMENT MISSION OF THE IMF TO VISIT GEORGIA IN APRIL

Assessment mission of the IMF plans to visit Georgia in April, Georgian Finance Ministry reported.

Today, the Minister Mamuka Bakhtadze held in Tbilisi a summarizing meeting with intermediate mission of the IMF, headed by Mercedes Vera-Martin.




SWEDISH EXPERTS TO ASSIST “SAKSTAT” IN ENSURING OF STATISTICAL DATA QUALITY

Swedish experts have arrived to Georgia, aiming monitoring of statistical data quality, Sakstat reported. The experts will acquaint the Georgian colleagues with own experience and will develop corresponding recommendations.




EXCLUDING EFFECT OF EXCHANGE RATE, TOTAL CREDITS INCREASED IN 2017 BY 19.3%

National Bank of Georgia reported that total credits in 2017 had reached 22.3 billion lari, increasing year-on-year by 19.3% (if not exclude effect of exchange rate).

At that, excluding effect of exchange rate, the growth made up 17.9%, while actual growth (i.e. minus inflation) – 11.2%.




NBG: IN Q1, INTEREST CONDITIONS OF CREDITING CAN BECOME SLIGHTLY TOUGHER

In the 4^th quarter of 2017, not-interest terms of crediting did not change to both legal entities and private individuals in comparison with the previous quarter, while interest conditions (both in lari and in foreign currency) became slightly tougher, National Bank of Georgia (NBG) reported.

Conducted poll show that majority of bankers expected further slight toughening of interest conditions in the next quarter (i.e. in the 1^st quarter of this year), NBG said.




NBG: BANKING SECTOR HAS POSITIVE EXPECTATIONS IN RESPECT OF BUSINESS PORTFOLIO GROWTH

Monetary policy report, released by National Bank of Georgia (NBG), indicates that research of credit conditions showed positive expectations of the banking sector in respect of business portfolio growth in the 1^st quarter of this year.

The polled bankers expect growth of demand for both corporate credit and loans to small and medium business, NBG specifies.




NBG: AVERAGE ROA IN 2017 MADE UP 2.9%, ROE – 20.6%

National Bank of Georgia (NBG) reported that banking sector’s average return on assets (ROA) in 2017 made up 3.1%, against of 2.9% in 2016.

In turn, average return on equity (ROE) made up 23.5%, against of 20.6% in 2016.




IN 2017, BANKS WROTE OFF CREDITS OF 374.6M LARI

National Bank of Georgia (NBG) reported that Georgian banks wrote off in 2017 credits of 374.6 million lari. If compared with 2016, the volume has increased by 41.4%.

business

“TERABANK” REPORTED PROFIT OF 16.26M LARI FOR Q4 OF 2017

Terabank reported net profit of 16.26 million lari for the 4^th quarter of 2017. In the same period of 2016, the bank had loss of 14.07 million lari.




IN Q4 OF 2017, PROFIT OF “HALYK BANK GEORGIA” INCREASED 2.88 TIMES Y-O-Y

Halyk Bank Georgia reported net profit of 11.7 million lari for the 4^th quarter of 2017. If compared with the same period of 2016, the volume has increased 2.88 times.