Georgian banking sector successful

According to the National Bank of Georgia data from January-May 2011, Georgian banks received more than GEL 98 million in direct profits. This is around USD 60 million and it is around three times more than last year. There are 19 banks currently functioning in Georgia, most of them with foreign capital in their assets. By June 1, 2011 there are deposits in Georgian banks worth of almost USD 3 billion. So this is a business which is indeed very successful in Georgia.