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TOTAL ASSETS OF COMMERCIAL BANKS INCREASED BY 20.5% IN 2013

January 27, 2014

Sarke Daily News

National Bank of Georgia reported that as of December 31, 2013 , total assets of commercial banks, operating in Georgia , made up 17.29 billion lari. This volume has increased by 20.5%, if compared with the same period of 2012. Net loans amounted to 9.68 billion lari, increasing by 21.45% year-on-year, while loan loss reserves to 698.51 million lari (growth 14.69%). Loans, issued to enterprises and households, amounted to 10.46 billion lari (growth 20.18%). No credits were issued to the government (as of December 2013 , this showing made up 284 million lari). Dividends, issued by the banks, made up 134.41 million lari (growth 16.19%), while equity investments 376.48 million lari (growth 1.91%). As of the reporting date, total liabilities amounted to 14.38 billion lari, increasing by 20.2% during the year. Banking deposits made up 623.3 million lari (growth 12.61%), while non-banking deposits 9.66 billion lari (growth 26.33%). Borrowed funds of commercial banks totaled to 3.57 billion lari (growth 9.3%), while retained earnings to 712.61 million lari (growth 74.35%).


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Source: Sarke Daily News (Georgia)


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