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Bank Sector Credit Portfolio Regains Prewar Indicators

The Georgian bank sector credit portfolio rose 91 million GEL in May and equaled 5 589 000 000 GEL as of June 1, 2010, up 186.6 million GEL compared to the same period of 2009, while the figure recorded 5 498 133 000 GEL as of May 1, 2010 and 5.6 billion GEL as of August 1, 2008.

At this stage, the Georgian bank sector counts for 19 commercial banks, including thirteen with foreign capital in the authorized capitals and two as branches of foreign commercial banks.