BAKU, Azerbaijan, August 31
By Tamilla Mammadova – Trend:
In the second quarter of 2020, movable and immovable property appropriated by Georgian VTB Bank amounted to 9.57 million laris ($3.1 million) compared to 8.47 million laris ($2.7 million) in the same period last year, Trend reports via the data financial statements of the bank.
In the first 6 months of this year, the total assets of VTB Bank amounted to 1.77 billion laris ($578.5 million).
In the second quarter of 2019, the bank's total assets stood at 1.67 billion laris ($545.8 million).
Meanwhile, in the second quarter of 2020, movable and immovable assets appropriated by the five biggest banks - Bank of Georgia, TBC, Liberty Bank, VTB, and Basisbank amounted to 197.2 million laris ($64.4 million).
As of August 1, 2020, the banking sector in Georgia is represented by 15 commercial banks, including 14 foreign-controlled banks.
The banking sector's equity capital equals 5.28 billion laris ($17.2 billion), which makes up 10.32 percent of the commercial banks' total assets.
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