BANKING SECTOR OF GEORGIA KEEPS MOVING FOREWARD

FROM THE REDACTION

Statistical highlight of banking system faces fast generation at the end of June of 2007, relatively with the same period of the recent year.

According to the preliminary dates, gross asserts of the commercial banks of Georgia grow with 70,2 per cent and included GEL 5,7 billion (the same indicator faced GEL 3,4 billion in the recent year);
Share capital increased with 97,3 per cent and included GEL 1 billion 53 millions (the same indicators faced GEL 534 million in the recent year);
Released loans for economic increased with 57,5 per cent (GEL 3,52 billion); (the same indicators faced GEL 2,2 billion in the recent year);
National currency loans increased with 52,8 per cent and included GEL 910,9 million, (the same indicators faced GEL 596 million in the recent year);
Foreign currency loans increased with 69 per cent (up to USD 1,56 billion), (the same indicators faced USD 925,5 million in the recent year);
Deposits increased with 55,8 per cent and excelled 2,4 billion Lari, (the same indicators faced GEL 1,56 millions in the recent year);
National currency deposits increased with 53,5 per cent, up to GEL 802,4 billion, (the same indicators faced GEL 522,7 million in the recent year);
Foreign currency deposits grow with 66,7 per cent and included USD 970,7 million, (the same indicators faced USD 583,3 million in the recent year);
Deposits dollarization included 66,9 per cent, what is 2,5 per cent less, according to December 31, 2006 dates.
Net profit of banking system grow with 80,3 per cent and included GEL 68,7 million, (the same indicator faced GEL 38,1 million in the recent year);
International reserves of the National Bank of Georgia increases with 127 per cent and included USD 1 billion 220 millions, according to June 29, 2007 dates, relatively with the dates of the same period of 2006.

Plastic Cards:
One of the tools of cash operations in Georgia is plastic cards, number of which exceeded one million 511 thousand units, according the first six month of 2007 dates. The number includes local profit cards (233 thousands).
Relatively with the current year, plastic cards number (including A/S “the Bank of Georgia”; local plastic cards increased with 32%).
In January-June of 2007, inside the country, it was provided 7 million operations via plastic cards, (volume included GEL 990,3 million), including VISA Plastic Cards 6 million operations with the volume of GEL 794,4 millions, EUROCARD/MASTERCARD (EC/MC) – 568 thousand operations – with the volume of GEL 152, 4 millions, GEORGIAN CARD (G/C) and “People`s Bank of Georgia (P/C) local cards 870 thousand operations, with the volume of GEL 43,5 million.
Outward of Georgia provided operations number included 118 thousands and volume GEL 61 million, including VISA Plastic Card – GEL 49,9 million with 106, 5 thousand operations, and EC/MC GEL 10,5 million, with 11,8 thousand operations.
Circulating plastic cards (according to June 1, 2007 dates) loans faced following condition: it was provided GEL 92,1 million with volume 275 thousands, operations in Georgia, via foreign plastic cards. Including VISA Plastic Cads 234 thousand operations including GEL 68,7 million, and EC/MC 40 thousands operations, including GEL 22 millions.

Money Transfers
Money transfers number from abroad to Georgia included USD 353 million in January-June of 2007, what is USD 134 million (61%) more relatively with the same period of the recent year.
Express money transfers volume included USD 64 million, in June of 2007, what is USD 44 millions (45%) more relatively with the recent year.
The most huge amount of money in January-June of 2007 had been transferred from Russia – USD 22 million (63% of whole transferred money), USD 48 million (14%) from U.S., USD 11 million (3 %) from Austria, USD 10,5 million (2,9%) from Spain, USD 8,9 million (2,5%) from Greece, USD 8,6 million (2,4%) from Ukraine, USD 7,3 ( 2,1%) from Turkey.
During the first half of 2007, money transferred from Georgia to abroad included USD 44 million, USD 22 million less relatively with the same period of 2006. Money transferred abroad faces following condition: USD 22 million (50,5%) to Russia, USD 5,3 million (12,2%) to Ukraine, USD 2 million (4,5 %) to Turkey, USD 1,9 million (4,3%) to Azerbaijan and USD 1,2 million (2,7%) to Germany.

Observation Capital
According to the President of the National Bank of Georgia May 23, 2006, No:44 order on “Minimum Amount of Capital Determination for Commercial Banks” commercial banks acting in Georgia should fill 12 million GEL observation capital for the June 1, 2007.
The named economic normative had been fulfilled by 17 banks from 18 for the determined date. The exception is “Cascade – Bank Georgia” beneficiary owner of which is the Bank of Georgia.
1. A/S “TBC Bank” – Gel 218114682
2. A/S “Bank of Georgia – Gel 400286063
3. A/S “Pro Credit Bank” – Gel 95450264
4. A/S “Bank Republic” – Gel 61142628
5. A/S “Bank Cartu” – Gel 163436580
6. A/S “VTB Bank” – Gel 78105865
7. A/S “People ` s Bank of Georgia” – Gel 14180280
8. A/S “Basis Bank” – Gel 13949630
9. A/S “Standard Bank” – Gel 24278545
10. A/S “Beta Silk Road Bank” – Gel 34837388
11. A/S “Invest bank” – Gel 13265239
12. A/S Cascade Bank” – Gel 10321193
13. A/S “TAO Bank” – Gel 12105355
14. A/S “Agro Invest Bank” – Gel 22603499
15. A/S “Bank Tetri” – Gel 12733841
16. A/S “Azeri International Bank” – Gel 17763180
17. Ltd “Caucasus Development Bank” Tbilisi branch – Gel 12228823
18. A/S “Zaarat Bank”, Turkey Tbilisi branch – Gel 12557217