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Total Assets Of Georgian Commercial Banks Exceeded GEL 70 BLN

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Natia Taktakishvili
25.01.23 18:00
443
As of the end of December 2022, the banking sector in Georgia is represented by 14 commercial banks, including 13 - foreign-controlled banks. In December 2022, compared to the previous month, the total assets of Georgian commercial banks (in current prices) increased by GEL 2.9 billion, (or by 4.3%) and constituted GEL 70.3 billion (exchange rate effect excluded above mentioned indicator increased by 4.5%), - accoridng to the report published by the National Bank of Georgia (NBG).

The banking sector's equity capital equals GEL 9.2 billion, which makes up 13.1% of the commercial banks' total assets.

As of the report, the total volume of non-bank deposits in the country′ s banking sector increased by 3.96% or by GEL 1.69 billion (exchange rate effect excluded volume of deposits increased by 3.98%), compared to the end of November 2022 and constituted GEL 44.31 billion by the end of December 2022. In December, the volume of term deposits increased by GEL 133.96 million (by 0.83%; exchange rate effect excluded volume of term deposits increased by 0.93%). Demand deposits increased by 1.55 billion GEL (by 5.88%; exchange rate effect excluded volume of demand deposits increased by 5.85%).

According to the document, the volume of loans issued by commercial banks (excluding interbank loans) in December 2022 increased by GEL 1.16 billion or by 2.66% compared to the previous month (exchange rate effect excluded, increased by 2.37%) and constituted GEL 44.80 billion by the end of December 2022. The volume of loans in national currency increased by GEL 596.47 million (2.48%) and the volume of loans in foreign currency increased by GEL 564.43 million or by 2.88% in the same period (exchange rate effect excluded, increased by 2.24%).