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%)
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%).
Commerzbank granted Bank of Georgia with STP (Straight Through Processing) award.
The NBG announced last Friday it will hold an extraordinary meeting of the Monetary Policy Committee on 25th of Septembe
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.
Remittance inflows increased by 7.8% YoY in August 2019 in USD terms, somewhat improved growth compared to previous two months.
The value of properties seized by commercial banks made up 177.9 million GEL in July 2019, the Finance Sector Report by the National Bank of Georgia (NBG) reads.
According to the National Bank of Georgia (NBG), money transfers to Georgia in August 2019 made up 146.4 million USD (428.5 million GEL), up 7.8% (+10.7 million USD), compared to the same period of 2018.