OPIC Commits USD 15 mln Loan to JSC Liberty Bank
Today, the Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, signed a Commitment Letter to provide USD 15 mln in financing to JSC Liberty Bank.
Deposits at Commercial Banks Grow to 25.3 Billion GEL, Larization Hits 36%
According to the National Bank of Georgia (NBG), volume of nonbank deposits in the banking sector made up 25 340 000 000 GEL as of September 1, 2019, up 344 900 000 GEL (+1.38%)
Banking Sector Profits in August Rose by 125% Year on Year
In August 2019 net profits of commercial banks made up 110.106 million GEL, up 27.434 million GEL month on month and up 61.178 million GEL year on year (+125%).
Bank of Georgia Gets an STP Award from Commerzbank
Commerzbank granted Bank of Georgia with STP (Straight Through Processing) award.
NBG’s ahead of Schedule move is likely to make the GEL Appreciation a One-way Bet
The NBG announced last Friday it will hold an extraordinary meeting of the Monetary Policy Committee on 25th of Septembe
Banking Sector’s Profits Rose by 8% to 553.5 million GEL in January-August Period
Profits of Georgia-based commercial banks in January-August 2019 made up 553.5 million GEL, up 8% compared to the same period of 2018.
Remittances Continued to Increase in August Driven by the EU
Remittance inflows increased by 7.8% YoY in August 2019 in USD terms, somewhat improved growth compared to previous two months.
Silk Road Bank Grows Assets
Silk Road Bank finished the month of August in losses. The January-August losses made up 388 400 GEL, whilst the bank has increased assets to 87 million GEL.
