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Assets of Commercial Banks Grow

As of December 1, 2017 the Georgian banking sector registers 16 commercial banks, including 15 ones with foreign capital in the authorized capital.

According to the National Bank of Georgia (NBG), in November total assets of commercial banks of Georgia rose by 1.1 billion GEL (+3.2%) compared to October and totaled 34.6 billion GEL as of December 1.

The banking sector’s own capital amounts to 4.3 billion GEL, 12.5% in total assets of commercial banks.