BAKU, Azerbaijan, Dec.29
By Tamilla Mammadova – Trend:
The net international investment position (IIP) of Georgia amounted to -$23.9 billion (-78.6 billion lari) as of September 30, 2020, accounting for -146.3 percent of the last 4 months GDP, Trend reports via the National Bank of Georgia (NBG).
Net IIP deteriorated by $209.7 million compared to the previous quarter.
International assets amounted to $11 billion (36.3 billion lari) by September 30, 2020, up by $353.5 million quarterly.
Liabilities increased by $563.2 million during the quarter totaling $34.9 billion (114.8 billion lari).
As of December 1, 2020, the banking sector in Georgia is represented by 15 commercial banks, including 14 - foreign-controlled banks.
In November 2020, compared to the previous month, the total assets of Georgian commercial banks (in current prices) increased by 1.99 billion lari ($610.4 million), (or by 3.69 percent) and constituted 55.9 billion lari/$17.1 billion (exchange rate effect excluded above-mentioned indicator increased by 2.26 percent).
The banking sector's equity capital equals 5.74 billion lari ($1.7 billion), which makes up 10.27 percent of the commercial banks total assets.
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