Page 27 - GEORptMay18

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.
However, the currency has been appreciating through most of 2017 and spent months at a stable exchange rate ranging from GEL2.39 to GEL2.43 to the dollar. It appears to have stabilised and 2018 could see a levelling off in consumer prices.
8.0 Financial & capital markets
Georgia - Commercial banks lead Mar-18 Feb-18 Jan-2018 Dec- 2017 Dec-2016 indicators
Interest income (GEL mn)
269.49 238.59 257.51 2,761.79 2,366.42 (Jan-Dec) (Jan-Dec)
Net profit / loss (GEL mn)
75.68 90.02 68.55 869.80 679.11
Bank assets (GEL mn)
34,272.35 33,561.54 33,748.40 34,593.50 30,149.32
Bank deposits (GEL mn)
7,650.90 7,388.0 7,234.71 7,088.23 5,036.28
Bank loans (GEL mn)
21,342.89 21,045.11 20,951.80 21,369.76 18,100.89
ROA (%)
3.0% / / 3.10% 2.0%
ROE (%)
22.6% / / 23.3% 13.5%
CAR (%)
19.0% / 18.3% 15.2% 17.3%
NPL (%)
2.4% / / 2.8% 3.4%
Source: National Bank of Georgia
27 GEORGIA Country Report May 2018 www.intellinews.com