Georgian English Russian Main Register Company Partners Feedback
Sarke Information Agency
Georgian/English/Russian Menu

Daily News
Economic Press Monitor
Special Report
 
Georgian Business Ethics Web Conference


Special Report

January 10, 2017

Previous Issues:  Days: < 20 28 10 16 31 > 

 

Note: Please login to get full access to the articles. If you are still not the Sarke's user, please register.

economics

    BANKING SECTOR - I-III QUARTERS, 2016

    PMCG

    Analysis of January-November 2016, compared to the corresponding period in 2015:

    - Net profit of commercial banks increased by 25.1% (114 mln GEL) and amounted to 567 mln GEL;

    - The volume of deposits increased (9.4%), as did the volume of loans (7.9%) (adjusted for exchange rate);

    - The proportion for which construction (by 2.8 percentage points), financial intermediation (2.5 percentage points) and hotels and restaurants (3.0 percentage points) were responsible for total loans increased;

    - The volume of non-performing loans increased by 9.5%, which is mostly due to depreciation of GEL exchange rate.

    According to data for November 2016, there are 16 banks in the Georgian banking sector.


Note: Please login to get full access to the articles. If you are still not the Sarke's user, please register.

Exchange Rates (NBG)
  05/25/17 + / -
  USD   2.4172   0.0096
  EUR   2.7114   0.0187
  RUR   4.2921   0.0258
Announcements
Dear readers,

Due to Orthodox Easter, Sarke’s site will not be updated on April 14-17.

We wish you all the best in these holy days!

Sincerely,

Sarke Information Agency

Fujitsu Computer Systems Corporation

© 2017 Sarke Information Agency