Main Trends of Commercial Banks’ Activities

Main Trends of Commercial Banks’ Activities

02 March, 2009

As of February 1, 2009, the banking sector in Georgia is represented by 20 commercial banks, including 15 foreign-controlled banks and 2 branches of non-resident banks. Compared to the beginning of the year total assets of Georgian commercial banks (in current prices) decreased by 319.1 million GEL (3.6 percent) and constituted 8546.5 million GEL.

Compared to the beginning of the year, the banking sector's own funds (equity capital) have reduced by 7.9 million GEL (0.5 percent) to equal 1509.3 million GEL, which makes up 17.7 percent of commercial banks' net total assets. Paid-in capital increased by 8.3 thousand GEL. Compared to the beginning of the year, the number of foreign-controlled banks has not changed and their share in the banks' total equity capital made up 73.5 percent.

The share of five banks having the largest assets within the total amount of the banking sector assets decreased from 79.3 percent at the beginning of the year to 78.3 percent.

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