List of Banks in Georgia

 

Georgia is a sovereign state in the Caucasus region of Eurasia. Situated at the juncture of Eastern Europe and Western Asia, it is bounded to the west by the Black Sea, to the north by Russia, to the southwest by Turkey, to the south by Armenia, and to the southeast by Azerbaijan. Georgia covers a territory of 69,700 km˛ and its population is almost 4.7 million. Georgia's constitution is that of a representative democracy, organized as a unitary, semi-presidential republic. It is currently a member of the United Nations, the Council of Europe, the World Trade Organization, the Organization of the Black Sea Economic Cooperation, the Organization for Security and Cooperation in Europe, the Community of Democratic Choice, the GUAM Organization for Democracy and Economic Development, and the Asian Development Bank. The country aspires to join NATO and the European Union.

 

 

 

Central Bank: National Bank of Georgia

 

 

The National Bank of Georgia is the central bank of Georgia. Its status is defined by the Constitution of Georgia. The main objective of the National Bank is to ensure price stability.

Georgia's first central bank was established in 1919. In its current form the National Bank of Georgia has existed since 1991.

According to the Constitution of Georgia, the National Bank is independent in its activities. The members of legislative and executive bodies haven't right to intervene in NBG's activities. The rights and obligations of the National Bank of Georgia as a central bank of the country, the principles of its activity and the guarantee of its independence are defined by the Organic Law of Georgia on the National Bank of Georgia.

The National Bank of Georgia implements monetary policy according to the main directions of monetary and foreign exchange policy defined by the parliament of Georgia. It holds, keeps and disposes international foreign reserves of the country. Through its regulation and monetary instruments, the National Bank of Georgia is responsible for ensuring the fulfillment of basic functions and objectives assigned to it by legislation.

For the purpose of facilitating financial stability and transparency of the financial system, as well as for protecting rights of the sector consumers and investors, the National Bank exercises supervision over the Financial Sector. Through the Financial Monitoring Service of Georgia - the Legal Entity of the Public Law, the National Bank undertakes measures against illicit income legalization and terrorism financing. In addition, the National Bank represents a banker and fiscal agent of the Government. The NBG is the banker and fiscal agent of the government.

The NBG is responsible for performing and disseminating financial and external sector statistics in accordance with international standards and methodologies, also for effective and proper functioning of payments systems. The Bank has the sole right to issue money units as legal tender in the territory of Georgia, as well as the right to mint commemorative coins for numismatic and circulating purposes.

The National Bank of Georgia may provide banking services to foreign governments, foreign central banks and foreign monetary authorities, as well as international organizations. The National Bank participates in the activities of international organizations that pursue economic stability in the monetary sector through international cooperation.
 

 

List of Operating Commercial Banks

1  JSC Bank "Republic"
2  JSC "PrivatBank"
3  JSC "TBC Bank"
4  JSC "Bank of Georgia"
5  JSC "Liberty Bank" "R.B.G"
6  JSC "Basisbank"
7  JSC "VTB Bank – (Georgia)"
8  JSC "Cartu Bank"
9  JSC "Procredit Bank"
10 JSC "BTA Bank"
11 JSC "Investbank"
12 JSC "The International Bank of Azerbaijan-Georgia"
13 JSC "Ziraat Bank A.S. (Head office – Ankara, Turkey), Tbilisi Branch". Foreign bank’s branch
14 The Joint Commercial "Transcaucasus Development Bank" Ltd  Tbilisi Branch
15 JSC "HSBC Bank-Georgia"
16 JSC "Progress Bank"
17 JSC "KOR Standard Bank"
18 JSC "Halyk Bank Georgia"
19 JSC "Constanta Bank"

 

 

 

Information about Georgia

 

Payment System in Georgia

 

 

 


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