The FINANCIAL -- As of March 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 534.6 million GEL (6.0 percent) and constituted 8331.0 million GEL.

The banking sector's own funds (equity capital) equal to 1497.4 million GEL, which makes up 18.0 percent of commercial banks' net total assets. Compared to the beginning of the year, the number of foreign-controlled banks did not change and their share in the banks' total equity capital made up 85.7 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 78.5 percent.

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