27.Sep .2022 18:00

How Much Did Georgian Banks' Assets Reach?

How Much Did Georgian Banks' Assets Reach?
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The National Bank of Georgia (NBG) published a report. According to the document, the assets of banks operating in Georgia reached GEL 68 billion.

According to the data of the National Bank, the assets of Georgian banks increased by GEL 4.3 billion or 6.7% in August compared to the previous month, and without the effect of the exchange rate, the increase amounted to 4.7%.

The chartered capital of the banks amounts to GEL 8.5 billion, which was 12.6% of their total assets.

The volume of loans issued by commercial banks (excluding interbank loans) in August 2022 increased by 1.13 billion GEL or by 2.68% compared to the previous month (exchange rate effect excluded, increased by 0.76%) and constituted 43.21 billion GEL by September 1, 2022. The volume of loans in national currency increased by 422.71 million GEL (1.86%) and the volume of loans in foreign currency increased by 706.90 million GEL or by 3.64% in the same period (exchange rate effect excluded, decreased by 0.52%).

By the end of August 2022, the total volume of national currency denominated loans to resident legal entities issued by commercial banks amounted to 6.87 billion GEL (0.68% more compared to the previous month), and foreign currency denominated loans constituted 12.54 billion GEL (3.54% more; exchange rate effect excluded volume of lending in foreign currency decreased by 0.61%).

During August 2022, the volume of lending to resident household sector increased by 2.90% or 646.86 million GEL, and constituted 22.99 billion GEL by September 1, 2022.

Larization ratio for total loans constituted 53.44 percent by September 1, 2022 and decreased by 0.43 percentage point (exchange rate effect excluded, increased by 0.59 percentage point), compared to August 1, 2022.

The total volume of non-bank deposits in the country′ s banking sector increased by 7.74% or by 3.00 billion GEL (exchange rate effect excluded volume of deposits increased by 4.96%), compared to August 1, 2022 and constituted 41.76 billion GEL by September 1, 2022. In August, the volume of term deposits increased by 777.43 million GEL (by 4.99%; exchange rate effect excluded volume of term deposits increased by 2.63%). Demand deposits increased by 2.22 billion GEL (by 9.58%; exchange rate effect excluded volume of demand deposits increased 6.53%).

The larization ratio of total non-bank deposits constituted 41.91% by September 1, 2022 and decreased by 1.18 percentage point (exchange rate effect excluded by 0.08 percentage point) compared to August 1, 2022.

The market interest rate on term deposits constituted 8.13%. In particular, the market interest rate for national currency denominated deposits was 11.28% and the market interest rate for foreign currency denominated deposits was 1.05%.

The share of the US dollar in the total volume of foreign currency denominated deposits equals 82.21% and the share of the Euro equals 16.39%.

There are 14 commercial banks in Georgia, including 13 foreign-owned entities, as of the end of August 2022.