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Banking sector of Georgia incurs losses

2009-09-07 15:32

Losses of banking sector of Georgia grow - Commersant.ge.

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In August 2009 the losses of banks amounted GEL 74.590 mln, this index increased 11 times since January.

Last year's losses of the banking sector amounted GEL 215 mln.

In early 2009 the banking sector was represented with 20 trade banks. Their number was cut by 1 - the First British Bank, belonging to renowned businessman Pantiko Tordia's family.

 

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