Home / Banking / Unprofitable Year for Georgian Business, 2015 Turned Out Successful for Banking Sector
Galt &Taggart
Head Offices of JSC Galt & Taggart

Unprofitable Year for Georgian Business, 2015 Turned Out Successful for Banking Sector

2015, unprofitable for Georgian business, turned out to be a successful year for the local banking sector

In 2015, nearly all businesses were affected by the devaluation of the national currency, while the banking sector finishes the year with a profit.

According to the National Bank of Georgia, in January-October period of 2015, the banking sector made a profit, amounting to 399 million lari, which is 11% more than in the same period of 2014.

What the banking sector’s earnings will be by the end of the year is not known yet, but there is no reason to doubt that 2015 will be profitable for the financial sector.