Page 26 - bne IntelliNews Georgia country report November 2017

handling of the depreciation in 2014-2015. The ruling Georgian Dream party publicly criticised the nominally politically independent regulator for causing inflation, and the latter came close to losing its responsibility to oversee the banking sector in what international observers deemed to be a political gesture.
8.0 Financial & capital markets
Georgia - Commercial banks lead indicators September 2017 September 2016
Interest income (GEL mn)
1,996.13 (Jan-Sep) 1,738.56 (Jan-Sep)
Net profit / loss (GEL mn)
631.82 484.28
Bank assets (GEL mn)
32,312.51 25,987.12
Bank deposits (GEL mn)
6,342.27 4,719.87
Bank loans (GEL mn)
18,447.91 15,604.45
ROA (%)
3.39 (as of Jun) 2.60 (as of Jun)
ROE (%)
24.92 (as of Jun) 15.09 (as of Jun)
CAR (%)
16.63% 17.34%
NPL (%)
3.2 3.8
Source: National Bank of Georgia
8.1 Bank sector overview
Georgia’s banks well positioned to withstand pressures, concludes Fitch
Georgian banks are well positioned to absorb potential pressures thanks to their good asset quality metrics and high capitalisation, ratings agency Fitch concluded at its annual conference in Tbilisi on October 10.
Georgia's banking sector is dominated by two large banks, TBC Bank and
26 GEORGIA Country Report November 2017 www.intellinews.com