As November 1, 2010, 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 previous month total assets of Georgian commercial banks (in current prices) decreased by 41.7 million GEL (by 0.4 percent) and constituted 9827.5 million GEL, which is attributed to the appreciation of national currency. The banking sector’s own funds (equity capital) equal to 1722.8 million GEL, which makes up 17.5 percent of commercial banks’ total assets.

The share of foreign capital in banks’ total paid-in capital equals to 80.5 percent.

The banking sector finished October 2010 with profit, like the previous month. The net profit in October constituted 26.1 million GEL and the net profit year-to-date constituted 121.4 million GEL.

The share of five banks having the largest assets within the total amount of the banking sector assets decreased by 0.3 percentage points compared to the previous month and constituted 77.7  percent.

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