Tbilisi (GBC) - The assets of the banking sector increased. As of 01.08.2024, the market is represented by 17 banks, including with 3 digital banks (Hash, Paysera, Pave), the total share of which does not exceed 0.05%.

Total assets of commercial banks amount to 86.8 billion GEL (01.08.2023 - 71.3 billion; +22%Y.Y)

The capital of the banking sector is 13.0 billion GEL, which is 15% of the total assets of commercial banks (01.08.2023 - 16%).

8 commercial banks are represented in the market with assets of more than one billion, the total share of which is 96.7%. It reaches 78% of system 2 banks. The concentration has increased (01.08.2023-76.56%).

TOP-8 (+1 ) Banks Rating by Assets 

TBC Bank

34 287 420 

 

Bank of Georgia

33 339 228

 

Liberty Bank

4 588 617

 

Basis Bank

3 504 266

 

Credo Bank

2 719 790

 

ProCredit Bank

1 927 968

 

Terabank

1 831 180

 

Cartu Bank

1 718 157

 

Halyk Bank

891 771

 

 

Source: NBG