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Special Report

January 10, 2017

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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.


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Exchange Rates (NBG)
  03/28/17 + / -
  USD   2.4432   0.0023
  EUR   2.6516   0.0057
  RUR   4.2753   0.0326
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