This report summarizes and analyzes the financial results of the 19 commercial banks of Georgia for the 2nd quarter of 2015.
This report summarizes and analyzes the financial results of the 19
commercial banks of Georgia for the 2nd quarter of 2015, as well as
provides some insights into the recent developments in the sector.
The financial information has been obtained from the published interim
reports for the 2nd quarter of 2015. The banks are listed in the alphabetical
order throughout the publication. We have used simple headline numbers
in our analysis unless stated otherwise; each bank has its own way of
reporting performance and this has proved to be the most consistent
method of presenting their results.
All the key ratios are calculated based on the obtained data unless stated
The general information, such as the number of branches, employee
headcount, etc, are mainly taken from the Notes to the Financial
Statements prepared by the banks. The official websites of the banks
serve as the only alternative source, however they are not always
properly updated. Due to this, the figures presented may not necessarily
be as of 30th June 2015. There may be figures more up to date or of an
earlier date depending on the latest available information published by the
The main source of news is the official websites of the banks and the
National Bank of Georgia, as well as the official press releases published
by various news agencies.
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