Net profit of Georgian commercial banks for the periodfrom January to March 2014 inclusively amounted to95.6 million GEL (about $ 54.3 million). According to the National Bank of Georgia, this is the highest figure for the same period in the last 16 years.
Total assets of commercial banks of Georgia at current prices compared with the previous month increased by 2.5% and reached 17.6 billion GEL ( $ 10 billion ) . At the same time own funds of the banking sector amounted to 3 billion GEL, or 17.3 % of total assets . Participation of foreign capital in the encashment authorized capital made 78.7 %.
Non-bank deposits placed in the banking sector reached 9.7 billion GEL as of April 1, 2014 which is 1.3 % higher than a figure for March 1 of this year. The coefficient of dollarization of deposits was 0.23% lower than as of March 1 , and totaled 60.86 %.
The weighted average interest rate on deposits was 6.6%, including deposits in national currency -9.5%, on foreign currency deposits - 5.3%.
As of April 1, 2014 21 commercial banks functioned on the Georgian banking market, including 18 bankswith foreign capital participation in the authorized capital and 2 - branches of foreign banks.
Source:commersant.com |
May 01, 2014
