Banks in Georgia are mainly focusedon the following areas:
National Bank of Georgia
Currently there are 15 credit institutions operating in Georgia.
In 2020 consolidated banking assets in Georgia were 59,451.78 mln GEL. The consolidated banking assets' evolution is shown at Chart 1 below.
Chart 1. Consolidated banking assets in Georgia.
Recent structural changes (2013 - 2022) of the banking sector of Georgia are summarised in Table 1.
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
| Opened Banks | 2 | 0 | 1 | 0 | 1 | 0 | 0 | 0 | 0 | 1 |
| Closed Banks | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
| Change | +2 | 0 | +1 | 0 | +1 | 0 | 0 | 0 | -1 | 0 |
Table 1. Recent structural changes in the banking sector of Georgia.
The list of the most recently opened banks in Georgia is provided in Table 2.
| Name | Start Date |
|---|---|
 | November 2022 |
 | March 2017 |
 | July 2015 |
 | August 2013 |
 | January 2013 |
Table 2. The most recently opened banks in Georgia.
Deposit guarantee scheme is a financial stability mechanism implemented in many countries to protect bank depositors against the loss of their deposits in the case when a bank is unable to meet its obligations to depositors by compensating certain deposits held by depositors of the bank. This compensation is paid out from the contributions which banks have made into a deposit guarantee fund.
From a depositor's point of view it is important to know:
All these details about deposit guarantee scheme in Georgia are summarised in Table 3.
Table 3. Deposit guarantee scheme in Georgia.
In Georgia there is one deposit guarantee fund, namely Deposit Insurance Agency of Georgia (DIAG).
Moody's country ceilings for deposits specify the highest rating that can be assigned to local- or foreign- currency denominated deposit obligations of a bank or other deposit taking institution domiciled within that country.
Local currency (Georgian lari) deposit ceiling for Georgia is set to Baa1 (lower medium grade), foreign currency deposit ceiling is Baa3 (lower medium grade).
