Revenue of enterprises engaged in financial services amounted to GEL 5860.9 mln

Revenue of enterprises engaged in financial services amounted to GEL 5860.9 mln

access_time2021-10-15 13:00:58

In 2020 year revenue of enterprises engaged in financial services  amounted to 5860.9 mln. GEL. The largest part of the revenue (76.6 %) was attributable to interest and other similar income, while revenue from commission fees reached 8.8% of the total revenue, and the remaining 14.6% were comprised by other revenues.

By the end of 2020 year, cash held by enterprises engaged in financial services amounted to 2178.0 mln. GEL. For the same period fixed and non-produced assets balance sheet value reached 1779.2 mln GEL.

In 2020 year, average number of employees of enterprises engaged in financial services equaled to 36.0 thousand, of which 61.1percent were female.

In 2020 year earned premium of insurance companies amounted to 620.2 mln GEL, of which 40.0 percent is attributable to medical (health) insurance, 16.0 percent – on property insurance, 7.9 percent – to life insurance, 6.1 percent – to land vehicle insurance, 1.8 percent – to accident insurance, the rest (28.2 percent) is allocated to other types of insurance.


 In 2020 year accrued insurance loss incurred by insurance companies amounted to 378.7 mln GEL, of which 51.9 percent is assigned to medical (health) insurance, 14.1 percent - to property insurance, 5.7 percent – to life insurance, 2.9 percent – to land vehicle insurance, 0.2 percent - to accident insurance, the rest (25.2 percent) is allocated to other types of insurance.


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