BAKU, Azerbaijan, June 26
Tamilla Mammadova – Trend:
Out of 15 banks operating in Georgia, the country's two largest banks -TBC Bank and Bank of Georgia account for more than half of loans, deposits, assets, income, and net profits, Trend reports via National Bank of Georgia.
As of December 31, 2020, Bank of Georgia issued loans in the amount of 14 billion lari ($4.4 billion) that is 2.2 billion lari ($701.7 million) more than in the same period in 2019 and 4.7 billion lari ($1.4 billion) more than in 2018.
In the reporting period the loan portfolio of TBC Bank amounted to 14.9 billion lari ($4.7 billion) that is 2.2 billion lari ($701.7 million) more than as of December 31, 2019 and 4.5 billion lari ($1.4 billion) more than in 2018.
The volume of loans issued by Bank of Georgia in 2020 increased by 19 percent in comparison with 2019, and by 52 percent compared with 2018. A volume of loans issued by TBC Bank increased by 18 percent and 45 percent, respectively.
As of December 31, 2020, Georgian commercial banks have issued loans in the amount of 38.8 billion lari ($12.3 billion), of which Bank of Georgia accounts for 36 percent and TBC Bank - 38.4 percent.
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