In March 2023, the total assets of commercial banks (in current prices) decreased by GEL 451.4 million or by 0.67 percent (increased by 0.45 percent without the effect of the exchange rate) compared to last montha and stood at GEL 67.3 billion at the end of March 2023.
In three months of 2023, the ranking of commercial banks by total assets is as follows:
Bank of Georgia - 26,007,804 GEL (first quarter of 2022 22,869,746 GEL), a 13.5% growth.
TBC Bank - 25,439,030 GEL (first quarter of 2022 23,862,371 GEL), a 6.45% growth.
Liberty Bank - 3,701,357 GEL (first quarter of 2022 3,250,393 GEL), a13.84% growth.
Base Bank - 3,040,064 GEL (first quarter of 2022 2,818,879 GEL), a 7.1% growth .
Credo Bank - 2,212,851 GEL (first quarter of 2022: 1,786,832 GEL), a 23.5% growth.
As of the end of March 2023, the Georgian banking sector is represented by 15 commercial banks; including 13 foreign-controlled.