Page 40 - GEORptMay21

GEORGIA'S BANKING SYSTEM 2020
GEL
TBC
Bang of Georgia
Credo Bank
Basis Bank
ProCredit Bank
Ish Bank Georgia
Ziraat Bank Georgia
Silk Road Bank
Finca Bank Georgia
Khalik Bank Georgia
Terrabank
VTB Bank Georgia
Liberty Bank
Pasha Bank Georgia
Cartu Bank
Total
Source: Business Media
24.7% compared to 26.8% in 2019.
Lending continued at a robust pace in 2020.
As a result, the bank’s total assets rose by 23.0% y/y to GEL22.56bn.
Gross loans and advances to customers stood at GEL15.2bn, up by 20.0% y/y or 8.7% on a constant currency basis.
Under local accounting standards, net profit last year reached only GEL123mn, according to data published earlier.
Profit/Loss GEL
123,180,649
57,108,880
13,950,614
5,972,349
3,534,386
2,797,749
1,408,108
-1,182,511
-2,887,850
-12,894,496
-13,830,949
-14,776,340
-15,173,231
-23,193,879
-24,751,630
99,261,849
Assets GEL
21,727,528,822
20,221,951,741
1,395,024,280
2,006,267,655
1,896,793,723
327,317,833
128,766,277
79,660,640
283,236,646
635,233,527
1,263,721,338
2,047,322,037
2,981,966,362
469,857,867
1,406,277,389
56,870,926,137
Profit/Loss $ mn
37.3
17.3
4.2
1.8
1.1
0.8
0.4
-0.4
-0.9
-3.9
-4.2
-4.5
-4.6
-7.0
-7.5
30
Assets $mn
6,584
6,128
423
608
575
99
39
24
86
192
383
620
904
142
426
17,234
ROA
0.57%
0.28%
1.00%
0.30%
0.19%
0.85%
1.09%
-1.48%
-1.02%
-2.03%
-1.09%
-0.72%
-0.51%
-4.94%
-1.76%
0.17%
8.1.2 Loans
Georgian loans to rise by 7.5% in 2021, predicts NBG
The 15 commercial banks operating in Georgia have a portfolio of GEL39bn (some $11bn) of loans, meaning that GEL3.27bn are NPOs. The banks set aside provisions in excess of GEL10bn in March last year.
The NBG forecast that the volume of loans in Georgia would increase by
40 GEORGIA Country Report May 2021 www.intellinews.com