Georgian banking sector is represented by 15 commercial banks as of January 1, 2019

The banking sector in Georgia is represented by 15 commercial banks, including 14 foreign-controlled banks, as of January 1, 2019.

As InterPressNews was informed by the National Bank of Georgia, the total assets of Georgian commercial banks (in current prices) increased by 1.3 billion GEL (or by 3.4 percent) in December 2018, compared to the previous month and reached 39.7 billion GEL (exchange rate effect excluded above mentioned indicator increased by 3.7 percent).

The banking sector's own funds (equity capital) equal 5.1 billion GEL, which makes up 12.9 percent of the commercial banks total assets.