As December 1, 2011, the banking sector in Georgia is represented by 19 commercial banks, including 16 foreign-controlled banks and two branches of non-resident banks. Compared with the previous month, total assets of Georgian commercial banks (in current prices) increased by 44.9 million GEL (by 0.4 percent) and constituted 11.9 billion GEL. The banking sector’s own funds (equity capital) equal to 2.0 billion GEL, which makes up 17.0 percent of commercial banks’ total assets.

The share of foreign capital in banks’ total paid-in capital constituted to 81.8 percent.

In November 2011, as well as in the previous month, the banking sector finished with profit. The net profit in October constituted 55.5 million GEL and net profit year-to-date constituted 290.3 million GEL.

The share of five banks having the largest assets within the total amount of the banking sector assets increased by 0.6 percentage points compared to the previous month and constituted 80.0 percent.

Current statistical information is published on the statistics page of the NBG’s website.