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Banking Industry Profits Rise by 26% in One Year

The banking sector ended the first  half of 2015 with a 243 -million  profit. According to the National Bank of Georgia (NBG), the sector’s  profit increased by 26% a year (in January-June 2014 – GEL 192.43 million).

In June, the banking sector’s profit totaled GEL 57,423 million, which is lower than May figure (70.8 million), the banking sector’s net profit in June 2014 was GEL  54,7 million. As of July 1, 2015, the banking sector  of Georgia is represented by 19  commercial banks.