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Tag Archives: Banking Sector

Competition on Banking Market Shrinks Year to Year

The banking sector is the key and biggest segment in Georgian economy. Despite commercial banks are considered as locomotives of the state economy, criticism against crediting institutions has been growing over the past years. Georgian citizens express complaint in many directions, including against expensive credits, high commission fees and fines, …

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Banking Sector’s Profits Shrink by 10.6mln GEL

Cartu Bank Profits Marked 5.6 million GEL as of May 1

The Georgian banking sector’s profits in October exceeded 37mln GEL, down 10.6mln GEL year on year (-22% year on year). Only one commercial bank of 16 ones has finished the month with losses: Silk Road Bank (0.630mln GEL). The 10-month statistics is almost the same. Every year, even as of …

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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 …

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NBG to Introduce Regulation on Online Loans without an Agreement

NBG to Introduce Regulation on Online Loans without an Agreement

We should regulate market of online loans so that not to “kill it” and to envisage interests of such type borrowers, – President of NBG declares. Despite the banking sector’s resistance, the Regulatory does not exclude to work out regulation norms for online loans without agreement with the sector. Koba …

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National Bank of Georgia Evaluates Current Conditions of Banking Sector

The National Bank of Georgia evaluates current conditions of Banking sector in Georgia, three reports show conditions of commercial banks’ assets, loans and deposits. Current Condition Of Commercial Banks’ Assets As Of February 1, 2016, The Banking Sector In Georgia Is Represented By 19 Commercial Banks, Including 17 Foreign-Controlled Banks …

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