The FINANCIAL -- As of October 1, 2009, the banking sector in Georgia is represented by 19 commercial banks, including 13 foreign-controlled banks and 2 branches of non-resident banks.

Compared to the previous month total assets of Georgian commercial banks (in current prices) decreased by 1.3 million GEL (by 0.02 percent) and constituted 7877.1 million GEL. The banking sector’s own funds (equity capital) equal to 1511.0 million GEL, which makes up 19.2 percent of commercial banks’ total assets.

The share of foreign capital in banks’ total paid-in capital equals to 77.4 percent.

According to NBG, the profit of the banking sector in September amounted to 7.7 million GEL.

The share of five banks having the largest assets within the total amount of the banking sector assets increased by 0.1 percentage points compared to the previous month and reached 79.8 percent.

Related Stories

• National Bank of Georgia: Money Transfers in October
• Most in Demand Types of Loans in 2009 in Georgia
• Bank of Georgia and American Express Launch Two New American Express Cards in Georgia