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Bank of Georgia Profits Shrank in August

Bank of Georgia profits declined by 21mln GEL in August 2017, after 65mln GEL growth in July. As of September 1, Bank of Georgia is the market leader due to 252.7mln GEL net profits and 45% market ratio (01.08.17 – 53%).

Bank of Georgia has the highest coefficient of profitability. Return on Assets (ROA) marked 3.75% and Return on Equity (ROE) totaled 33.53% (01.08.2017/2017 – 4.11%: 37.48%). Bank of Georgia assets account for 10.678bln GEL and the market ratio is 33.90% (01.08.2017 -10.2bln; 33%)