Georgia’s  five small banks

Georgia’s five small banks

access_time2021-10-13 10:00:05

In 2021, the volume of loans issued by Georgian commercial banks reached $ 40 billion that is 16.5% more than in the same period of 2020.

Long-term loans account for 89.1% of the loan portfolio, of which 53.2% are denominated in foreign currency. 60% of short-term loans are denominated in  the national currency.

In the second quarter, not only leading banks increased lending but also the market outsiders - the banks taking  the last places in the country’s banking system.

 

In the reporting period, 5 of the Georgian weakest banks issued loans in the amount of GEL 829 million that is 2.1% of the total loan portfolio of the country's banking system.


The rating of the 5 weakest banks is as follows:

 


Silk Road Bank - issued loans in the amount of GEL 12.4 million that is 10.7% more than in the same period of 2020 (13.9 million).

 

"Ziraat Bank Georgia" - issued loans in the amount of GEL 76.7 million that is 52.3% more than in the same period of 2020 (50.3 million).

 

Finca Bank - issued loans in the amount of GEL 223.7 million that is 16.8% more than in the same period of 2020 (191.5 million).

 

Isbank - issued loans in the amount of GEL 227.5 million that is 14.9% more than in the same period of 2020 (197.9 million).

 

 Pasha Bank - issued loans in the amount of GEL 288.1 million that is 5.5% less than in the same period of 2020 (304.7 million).

 

It’s worth mentioning that according to the TBC Capital forecast, in 2021 lending in Georgia will grow either by 18% or slightly more. Two leading banks account for more than 70% of all loans issued.

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