As National Bank of Georgia (NBG) informs, net profit of banking system amounted to 25.4 million lari in the 1st quarter. This figure exceeds last years showing by 36.6%.
Total assets reached 4.7 billion lari, liabilities – 3.7 billion, growth in both made almost 12% from the beginning of the year. Equity capital amounted to 959 million lari, rising from the beginning of the year by 7%.
Banks issued in 1st quarter 3 billion lari in loans, exceeding same figure of last year by 55%. At that, up to 25% (764 million lari) of total loans accounts for national currency (growth 60%), while $1.3 billion accounts for loans in foreign currency (growth 65%).
Volume of bank deposits made up 1.9 billion lari, it exceeds last years figures by 48%. From the total, 32% of deposits (603 million lari) is in national currency, growing by 60% compared to same period of 2006. Deposits in foreign currency make up $770 million (growth 54%). Accordingly, dollarization rate amounts to 68%, lowering by 2.4% against figures of 2006.
