Georgian banks’ assets increase by 2 percent
Georgia, Tbilisi, Feb. 28 / Trend, N. Kirtskhalia /
As of Feb. 1, the banking sector in Georgia is represented by 19 commercial banks, including 14 foreign-controlled banks and 2 branches of non-resident banks, the Georgian National Bank told Trend.
Compared to the previous month, total assets of Georgian commercial banks increased by 215.2 million lari, i.e., two percent, and constituted 10779.4 million lari. The banking sector's own funds equal to 1801.3 million lari, which makes up 16.7 percent of commercial banks' total assets, Georgian National Bank said.
The share of foreign capital in the banks' total authorized capital equals 80.7 percent.
The banking sector finished last month with a profit. It hit 12.3 million lari in January.
The share of 6 banks having the largest assets within the total amount of the banking sector assets decreased by 0.3 percent points compared to the previous month, and constituted 77.8 percent.
The return on assets of the banking sector is 14 percent and the return on capital is 8.2 percent as of January.