BAKU, Azerbaijan, March 2
By Tamilla Mammadova – Trend:
BAKU, Azerbaijan, March 2
By Tamilla Mammadova – Trend:
Georgia’s banking sector began the year with a profit of 113.3 million lari ($34.1 million), Trend reports via the National Bank of Georgia (NBG).
As reported, in January 2021 compared to December 2020, the interest income of banks decreased by 14 million lari ($4.2 million) and amounted to 367.5 million lari ($110.8 million).
At the same time, non-interest income increased by $3 million.
Banks suffered a loss in the amount of 13.4 million lari ($4.04 million) from foreign exchange operations. In January 2021 commercial banks expenses decreased by 24.4 million lari ($7.3 million) compared to December despite an increase in income.
As of February 1, 2021, a volume of deposits amounted to 34.8 billion lari ($10.4 billion) which is 0.72 percent more than in December. The deposit larization ratio stood at 38.5 percent that is 0.06 percent less than in December 2020.
In January, Georgian banks earned 410.9 million lari ($123.9 million), operating expenses stood at 305.9 million lari ($92.2 million).
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