The FINANCIAL — As February 1, 2011, the banking sector in Georgia is represented by 19 commercial banks, including 14 foreign-controlled banks and two branches of non-resident banks.
Compared with the previous month total assets of Georgian commercial banks (in current prices) increased by 215.2 million GEL (by 2.0 percent) and constituted 10779.4 million GEL. The banking sector’s own funds (equity capital) equal to 1801.3 million GEL, which makes up 16.7 percent of commercial banks’ total assets.
The share of foreign capital in banks’ total paid-in capital equals to 80.7 percent, according to NBG.
The banking sector finished January 2011 with profit. The net profit in January constituted 12.3 million GEL.
The share of five banks having the largest assets within the total amount of the banking sector assets decreased by 0.3 percentage points compared to the previous month and constituted 77.8 percent.
Return on assets in the banking sector constituted 1.4 percent, while the return on equity constituted 8.2 percent in January 2011 (instead of -0.4 and -2.2 percent, respectively, according to the January 2010).
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