Georgian banking sector results
By Messenger Staff
Wednesday, March 2According to National Bank of Georgia data the banking sector made more than GEL 12 million in January 2011. As of February 1 total assets for the banks were over GEL 10 billion (approximately USD 6 billion). More than 80% of the capital assets of Georgian banks is in foreign capital; 70% of deposits are in US dollars, while 20% are in euros. As of February 1 there were 19 commercial banks and two foreign affiliate banks operating in the country.