Page 30 - GEORptSep19

8.0 Financial & capital markets
Georgia - Commercial banks lead Jan-Jun’ 2018 2017 2016 indicators (end of period) 2019
Interest income (GEL mn)
285.62 296.86 275.70 227.44
Net profit / loss (GEL mn)
360.77 914.72 869.80 679.11
Bank assets (GEL mn)
43,064.40 39,682.98 34,593.50 30,149.32
Bank deposits (GEL mn)
19,528.39 18,273.92 15,717.54 13,662.0
Bank loans (GEL mn)
28,113.54 25,473.45 21,761.90 18,512.30
ROA (%)
2.1% 3.0% 3.1% 3.1%
ROE (%)
16.2% 23.3% 23.3% 22.1%
CAR (%)
18.2% 18.4% 19.1% 15.1%
NPL to total gross loans (%)
2.9% 2.6% 2.8% 3.4%
Source: National Bank of Georgia
8.1 Bank sector overview
Co-founder executives of Georgia’s TBC Bank Group charged with money laundering
Georgian prosecutors on July 24 charged TBC Bank founders Mamuka Khazaradze and Badri Japaridze, former chairman and deputy chairman of TBC Bank Group, with laundering $16.75mn in 2007-2008.
The group issued a release explaining that the two, as non-executives, were not involved in its day-to-day management. There has been no suggestion of any charges being brought against TBC Bank Group, TBC Bank or any other member of the group, the press release added.
Khazaradze said that the charge “aims to stop the construction of Anaklia Deep Sea Port,” a $2.5bn project that is Georgia’s flagship infrastructure investment, Agenda.ge reported . It is being developed by TBC Bank in partnership with US partners.
30 GEORGIA Country Report September 2019 www.intellinews.com