Main Trends of Commercial Banks’ Activities
As of October 1, 2008, the banking sector in Georgia is represented by 21 commercial banks, including 14 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) increased by 1026.8 million GEL (14.2 percent) and constituted 8235.0 million GEL.
Compared to the beginning of the year, the banking sector's own funds (equity capital) have grown by 254.3 million GEL (17.3 percent) to equal 1725.3 million GEL, which makes up 21.0 percent of commercial banks' net total assets. The growth of paid-in capital constituted 137.2 million GEL (30.2 percent). Compared to the beginning of the year, the number of foreign-controlled banks has increased from 12 to14 and their share in the banks' total equity capital made up 70.9 percent.
The share of five banks having the largest assets within the total amount of the banking sector assets decreased from 80.4 percent at the beginning of the year to 76.9 percent.
Current statistical information is published on the statistics page of the NBG's website.