The FINANCIAL -- As January 1, 2012, the banking sector in Georgia is represented by 19 commercial banks, including 16 foreign-controlled banks and two branches of non-resident banks.

According to National Bank of Georgia compared with the previous month, total assets of Georgian commercial banks (in current prices) increased by 0.8 billion GEL (by 6.7 percent) and constituted 12.7 billion GEL. The banking sector’s own funds (equity capital) equal to 2.1 billion GEL, which makes up 16.6 percent of commercial banks’ total assets.

The share of foreign capital in banks’ total paid-in capital constituted to 78.1 percent.

In 2011 the banking sector finished with profit. The net profit year-to-date constituted 323.0 million GEL.

The share of five banks having the largest assets within the total amount of the banking sector assets constituted 80.0 percent.

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