Page 27 - bne IntelliNews Georgia country report October 2017

8.0 Financial & capital markets
Georgia - Commercial banks lead indicators July 2017 July 2016
Interest income
1,544.17 1,354.07
Net profit / loss
519.20 347.28
NPLs (GEL mn)
678.29 657.70
Bank assets (GEL mn)
30,538.03 26,720.76
Bank deposits (GEL mn)
16,045.98 14,835.54
Bank loans (GEL mn)
18,247.76 15,876.96
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%
Source: CEIC
8.1 Bank sector overview
Financial sector repair needed to spur growth in Caucasus and Central Asia
A strong financial sector is essential to the much-needed economic transformation. However, the slowdown in economic activity and currency depreciations against the dollar since 2014 have added stress to many of the region’s already overburdened, highly-dollarised financial sectors, leaving them too weak to support a strong recovery. Without urgent financial sector repair, further pressures on fiscal accounts could emerge and the economic transformation could be derailed.
27 GEORGIA Country Report October 2017 www.intellinews.com