The National Bank of Georgia (NBG) published a report on the current condition of commercial bank's assets. According to the document, in January 2024 the total assets of Georgian commercial banks constituted GEL 78.6 billion.
The banking sector's equity capital equals GEL 12.3 billion, which makes up 15.6 percent of the commercial banks' total assets.
In January 2024, the assets of commercial banks operating in Georgia decreased by GEL 1.5 billion amounting to GEL 78.6 billion. According to the report of the National Bank, the main reason for the decrease was the reduction of bank credits by GEL 900 million, which amounted to GEL 51.9 billion at the end of January. Along with the reduction of credits, the volume of cash funds was also reduced by GEL 623 million and amounted to GEL 10.1 billion. Accordingly, considering these two factors, the size of bank assets decreased.
According to the statistics of the National Bank, in the last 12 months, the decrease in bank assets compared to the previous month was recorded 4 times. Among them, the sharpest decrease was in January 2023, when assets decreased by GEL 2.6 billion to GEL 67.7 billion.
The JSC Hash and JSC Pave Georgia data are not included in statistical calculations due to these digital banks operating in a test regime.
As of the end of January 2024, the banking sector in Georgia is represented by 17 commercial banks, including 15 - foreign-controlled banks.
