BAKU, Azerbaijan, August 31
By Tamilla Mammadova – Trend:
The value of movable and immovable property appropriated by Bank of Georgia in the second quarter of 2020 amounted to 97.60 million lari ($31.8 million) against 75.91 million lari ($24.8 million) in the same period of last year, Trend reports via the data financial statements of the bank.
The total assets of the Bank of Georgia in this period totaled 17.4 billion lari ($5.6 billion).
In the first quarter of 2019, the total assets of the bank amounted to 14.75 billion lari ($4.8 billion).
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 lari ($64.4 million).
As of August 1, 2020, the banking sector in Georgia is represented by 15 commercial banks, including 14 foreign-controlled banks.
In July 2020, compared to the previous month, the total assets of Georgian commercial banks (in current prices) increased by 1.9 billion lari ($620.1 million) or by 3.85 percent and constituted 51.17 billion lari ($16.7 billion).
The banking sector's equity capital equals 5.28 billion lari ($17.2 billion), which makes up 10.32 percent of the commercial banks' total assets.
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