Banks doing well

According to the information from the National Bank, in the first half of 2013, banks in Georgia received around GEL 200,000,000 in profit. This is almost 90 million GEL more compared to last year’s figures. Main revenue for banks is derived from income they receive from the interest rates on loans. Although, the National Bank stresses that the number of bad loans has also increased.

There are also a certain amount of micro financing organizations that operate that issue small loans to the population. They are also profitable.