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In September, Commercial Banks Net Profit Amounted to GEL 85.3 Million

In September, commercial banks net profit  amounted to GEL 85.3 million. The National Bank of Georgia (NBG) informs.

As of October 1, 2015, the banking sector of  Georgia is represented by 19 commercial banks; 17 of them are the  banks with foreign capital participation, and 1 – foreign bank’s branch. The share of the five largest banks in the banking sector assets totals  79.0 percent.

Compared with the previous month, total assets of Georgian commercial banks (in current prices) increased by  GEL 0.8 billion, or 3.5 percent, and totaled GEL 24.8 billion. The banking sector’s own funds amount to  GEL 3.3 billion, which is 13.4 percent of commercial banks’ total assets.