Assets of Georgian banks exceeded GEL 72 billion

29/09/2023

17:43

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Commercial banks operating in Georgia have already submitted their financial results for the 8 months of 2023 to the National Bank of Georgia. The total assets of 15 banks exceeded GEL 72.1 billion, which is GEL 900 million more than the previous month’s figure.

In addition, the profit volume of banks in the 8 months of this year amounted to GEL 1.81 billion.
In July, the standard of submission of financial indicators by banks was changed. If in the past their incomes and other parameters were calculated according to the local standard, from July the banks are obliged to submit the data to the National Bank of Georgia by the IFRS accounting standard. Based on the changed methodology, the profit indicators are not completely comparable with those of the previous months and periods.
As of now, the banks have given loans of GEL 48.8 billion to the economic sector of Georgia, and the amount of deposits in the banks is GEL 48.1 billion.