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Only Two Commercial Banks Record Negative Coefficient of Profitability

Only two commercial banks record negative profitability coefficient on Georgian banking sector (ROA – return on assets; ROE – return on equity). In the same period of 2016, both commercial banks had positive indicators.

Turkish  İşbank started operation in Georgia after it opened a branch in Batumi. The body obtained a banking license in 2012, later it continued operation as an independent player of the market.

Finca microfinance organization was transformed into commercial bank in 2013.

06.2017-H1/2016

ROA- ROE% ROA- ROE%
1 IS Bank -11,99; -1.19 1.33; 9.22
2 Finca Bank 2,38;-0.05 0.36; 2.46