As March 1, 2011, the banking sector in Georgia is represented by 19 commercial banks, including 14 foreign-controlled banks and two branches of non-resident banks. Compared with the beginning of the year total assets of Georgian commercial banks (in current prices) increased by 111.3 million GEL (by 1.1 percent) and constituted 10675.5 million GEL. The banking sector’s own funds (equity capital) equal to 1718.7 million GEL, which makes up 16.1 percent of commercial banks’ total assets.

The share of foreign capital in banks’ total paid-in capital equals to 81.0 percent.

In January-February 2011, banks’ income increased by 33.8 percent compared to the corresponding period of 2010 and constituted 289.7 million GEL. The banking sector’s net profit in the first two months of 2011 constituted 10.7 million GEL.

The banking sector assets' concentration practically was not changed.  The share of five banks having the largest assets within the total amount of the banking sector assets decreased by 0.3 percentage points from the beginning of the year and constituted 77.8 percent.

Return on assets in the banking sector constituted 0.6 percent, while the return on equity constituted 3.7 percent in February 2011 (instead of -0.1 and -0.7 percent, respectively, according to the February 2010).
 

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