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Banking Sector’s Revenues Grew in January-February Period

Banking sector’s revenues in January-February made up 558 million GEL, up 12% year on year.

According to statistics of National Bank of Georgia (NBG), in the reporting period the banking sector’s expenditures totaled 105 million GEL (104 million GEL as of March 1, 2016), including staff expanses marked 92 million GEL, as opposed to 85 million GEL as of March 1, 2016.

Unexpected expenses marked 7.4 million GEL (0.5 million GEL as of March 1, 2016). Currently, Georgian banking sector registers 17 commercial banks.