According to the Organic Law of Georgia on the National Bank of Georgia, a commercial bank is a legal entity licensed by the National Bank that accepts deposits and conducts banking activities defined by Georgian legislation using those deposits.

The list of permitted activities for licensed commercial banks in Georgia is defined by Article 20 of the Law of Georgia on the Activities of Commercial Banks, based on which a commercial bank is authorized to attract interest-bearing and non-interest-bearing deposits (demand, term, and other types) and other repayable payment instruments, grant loans, including consumer, mortgage, unsecured, and other credits, etc.

The management and operational activities of a commercial bank are carried out in accordance with justified administrative and accounting procedures under Georgian legislation, the conditions and restrictions attached to the banking activity license, as well as the regulations, rules, and instructions established by the National Bank.

The requirements related to the supervision and regulation of commercial banks are defined by the Organic Law of Georgia on the National Bank of Georgia, the Law of Georgia on the Activities of Commercial Banks, and other subordinate acts.