Page 26 - GEORptDec17

by 30% and 20% y/y, respectively, in September.
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 Ratings
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 Bank of Georgia, which together command two-thirds of loans and deposits. The sector has weathered the economic slowdown and monetary depreciation in recent years well, managing to maintain its non-performing loans at 3.5% of
26 GEORGIA Country Report December 2017 www.intellinews.com