Source - SMW
Bank of Georgia said profits increase 10.9% in the second quarter of the year from a year earlier even as net interest income fell. 
 
Profit before tax increased 10.9% to GEL121,011,000 in the second quarter from a year earlier, while net interest income fell 2.7% to GEL181,622,000.
 
The loan book grew 30.5% in the quarter with the retail banking's net loan book reaching GEL 6,771.2m, up 25.1% year-on-year, predominantly driven by mortgage and MSME lending, the company said. 
 
Assets under management within the group's investment management business, increased to GEL 2,504.3m, up 25.6% year-on-year, reflecting an increase in client assets and bond issuances at Galt & Taggart. 



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