Page 35 - GEORptDec19

8.0​ Financial & capital markets
Georgia - Commercial banks lead Jan-Sep’ 2018 2017 2016 indicators (end of period) 2019
Interest income (GEL mn)
301.31 296.86 275.70 227.44
Net profit / loss (GEL mn)
650.17 914.72 869.80 679.11
Bank assets (GEL mn)
45,774.61 39,682.98 34,593.50 30,149.32
Bank deposits (GEL mn)
20,724.64 18,273.92 15,717.54 13,662.0
Bank loans (GEL mn)
29,382.40 25,473.45 21,761.90 18,512.30
ROA (%)
2.4% 3.0% 3.1% 3.1%
ROE (%)
18.9% 23.3% 23.3% 22.1%
CAR (%)
19.0% 18.4% 19.1% 15.1%
NPL to total gross loans (%)
2.6% 2.6% 2.8% 3.4%
Source: National Bank of Georgia
8.1​ Bank sector overview
Georgia’s biggest banks boast 2% return on assets for Jan-Sep
The two main Georgian banks, both of which are listed on the London Stock Exchange, boasted robust profitability in January to September, according the data released by Georgia’s central bank, the National Bank of Georgia (NBG). ​Their annualised return on assets (ROA) exceeded 2%, based the data released on November 7.
The LSE-traded lenders dominate the Georgian financial market: TBC and Bank of Georgia account for more than two-thirds of total banking sector assets in the small country, and hold similar shares when it comes to income and net profit.
As of the end of the first nine months of the year, TBC was the market leader in Georgian banking with assets of GEL17.7bn (nearly €6bn) . TBC earned GEL1.2bn in the nine-months period, with its net profit higher than that of any
35​ GEORGIA Country Report​ December 2019 ​ ​www.intellinews.com