{"id":2031,"date":"2007-07-15T12:07:22","date_gmt":"2007-07-15T08:07:22","guid":{"rendered":"http:\/\/geoeconomics.ge\/en\/?p=2031"},"modified":"2013-03-15T12:07:55","modified_gmt":"2013-03-15T08:07:55","slug":"banking-sector-of-georgia-keeps-moving-foreward","status":"publish","type":"post","link":"http:\/\/geoeconomics.ge\/en\/?p=2031","title":{"rendered":"BANKING SECTOR OF GEORGIA KEEPS MOVING FOREWARD"},"content":{"rendered":"

FROM THE REDACTION <\/strong><\/p>\n

Statistical highlight of banking system faces fast generation at the end of June of 2007, relatively with the same period of the recent year. <\/p>\n

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);
\n 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);
\n 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);
\n 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);
\n 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);
\n 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);
\n 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);
\n 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);
\n Deposits dollarization included 66,9 per cent, what is 2,5 per cent less, according to December 31, 2006 dates.
\n 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);
\n 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. <\/p>\n

Plastic Cards:
\n 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).
\n Relatively with the current year, plastic cards number (including A\/S \u201cthe Bank of Georgia\u201d; local plastic cards increased with 32%).
\n 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) \u2013 568 thousand operations \u2013 with the volume of GEL 152, 4 millions, GEORGIAN CARD (G\/C) and \u201cPeople`s Bank of Georgia (P\/C) local cards 870 thousand operations, with the volume of GEL 43,5 million.
\n Outward of Georgia provided operations number included 118 thousands and volume GEL 61 million, including VISA Plastic Card \u2013 GEL 49,9 million with 106, 5 thousand operations, and EC\/MC GEL 10,5 million, with 11,8 thousand operations.
\n 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. <\/p>\n

Money Transfers
\n 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.
\n Express money transfers volume included USD 64 million, in June of 2007, what is USD 44 millions (45%) more relatively with the recent year.
\n The most huge amount of money in January-June of 2007 had been transferred from Russia \u2013 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.
\n 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. <\/p>\n

Observation Capital
\n According to the President of the National Bank of Georgia May 23, 2006, No:44 order on \u201cMinimum Amount of Capital Determination for Commercial Banks\u201d commercial banks acting in Georgia should fill 12 million GEL observation capital for the June 1, 2007.
\n The named economic normative had been fulfilled by 17 banks from 18 for the determined date. The exception is \u201cCascade \u2013 Bank Georgia\u201d beneficiary owner of which is the Bank of Georgia.
\n 1. A\/S \u201cTBC Bank\u201d \u2013 Gel 218114682
\n 2. A\/S \u201cBank of Georgia \u2013 Gel 400286063
\n 3. A\/S \u201cPro Credit Bank\u201d \u2013 Gel 95450264
\n 4. A\/S \u201cBank Republic\u201d \u2013 Gel 61142628
\n 5. A\/S \u201cBank Cartu\u201d \u2013 Gel 163436580
\n 6. A\/S \u201cVTB Bank\u201d \u2013 Gel 78105865
\n 7. A\/S \u201cPeople ` s Bank of Georgia\u201d \u2013 Gel 14180280
\n 8. A\/S \u201cBasis Bank\u201d \u2013 Gel 13949630
\n 9. A\/S \u201cStandard Bank\u201d \u2013 Gel 24278545
\n 10. A\/S \u201cBeta Silk Road Bank\u201d \u2013 Gel 34837388
\n 11. A\/S \u201cInvest bank\u201d \u2013 Gel 13265239
\n 12. A\/S Cascade Bank\u201d \u2013 Gel 10321193
\n 13. A\/S \u201cTAO Bank\u201d \u2013 Gel 12105355
\n 14. A\/S \u201cAgro Invest Bank\u201d \u2013 Gel 22603499
\n 15. A\/S \u201cBank Tetri\u201d \u2013 Gel 12733841
\n 16. A\/S \u201cAzeri International Bank\u201d \u2013 Gel 17763180
\n 17. Ltd \u201cCaucasus Development Bank\u201d Tbilisi branch \u2013 Gel 12228823
\n 18. A\/S \u201cZaarat Bank\u201d, Turkey Tbilisi branch \u2013 Gel 12557217 <\/p>\n","protected":false},"excerpt":{"rendered":"

FROM THE REDACTION Statistical highlight of banking system faces fast generation at the end of June of 2007, relatively with<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[28],"tags":[],"yoast_head":"\nBANKING SECTOR OF GEORGIA KEEPS MOVING FOREWARD - Geoeconomics<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/geoeconomics.ge\/en\/?p=2031\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"BANKING SECTOR OF GEORGIA KEEPS MOVING FOREWARD - Geoeconomics\" \/>\n<meta name=\"twitter:description\" content=\"FROM THE REDACTION Statistical highlight of banking system faces fast generation at the end of June of 2007, relatively with\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\">\n\t<meta name=\"twitter:data1\" content=\"3 minutes\">\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/geoeconomics.ge\/en\/#website\",\"url\":\"https:\/\/geoeconomics.ge\/en\/\",\"name\":\"Geoeconomics\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":\"https:\/\/geoeconomics.ge\/en\/?s={search_term_string}\",\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/geoeconomics.ge\/en\/?p=2031#webpage\",\"url\":\"https:\/\/geoeconomics.ge\/en\/?p=2031\",\"name\":\"BANKING SECTOR OF GEORGIA KEEPS MOVING FOREWARD - Geoeconomics\",\"isPartOf\":{\"@id\":\"https:\/\/geoeconomics.ge\/en\/#website\"},\"datePublished\":\"2007-07-15T08:07:22+00:00\",\"dateModified\":\"2013-03-15T08:07:55+00:00\",\"author\":{\"@id\":\"https:\/\/geoeconomics.ge\/en\/#\/schema\/person\/c8498c0ae03a66c87b59761fbd19b04c\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/geoeconomics.ge\/en\/?p=2031\"]}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/geoeconomics.ge\/en\/#\/schema\/person\/c8498c0ae03a66c87b59761fbd19b04c\",\"name\":\"Admin\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/geoeconomics.ge\/en\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"http:\/\/2.gravatar.com\/avatar\/bf2d8703d729f003d8905b57fcab5078?s=96&d=mm&r=g\",\"caption\":\"Admin\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","_links":{"self":[{"href":"http:\/\/geoeconomics.ge\/en\/index.php?rest_route=\/wp\/v2\/posts\/2031"}],"collection":[{"href":"http:\/\/geoeconomics.ge\/en\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/geoeconomics.ge\/en\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/geoeconomics.ge\/en\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/geoeconomics.ge\/en\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2031"}],"version-history":[{"count":1,"href":"http:\/\/geoeconomics.ge\/en\/index.php?rest_route=\/wp\/v2\/posts\/2031\/revisions"}],"predecessor-version":[{"id":2032,"href":"http:\/\/geoeconomics.ge\/en\/index.php?rest_route=\/wp\/v2\/posts\/2031\/revisions\/2032"}],"wp:attachment":[{"href":"http:\/\/geoeconomics.ge\/en\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2031"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/geoeconomics.ge\/en\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2031"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/geoeconomics.ge\/en\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2031"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}