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Total Assets of Georgian Commercial Banks Increased by 1.0 Billion GEL

As of September 1, 2017, the banking sector in Georgia is represented by 16 commercial banks, including 15 foreign-controlled banks.

In August 2017, compared to the previous month, the total assets of Georgian commercial banks increased (in current prices) by 1.0 billion GEL (or by 3.2 percent) and constituted 31.5 billion GEL (exchange rate effect excluded above mentioned indicator increased by 2.6 percent).

The banking sector’s own funds (equity capital) equal 4.1 billion GEL, which makes up 13.1 percent of the commercial banks’ total assets.