Banking business in Georgia

According to the results of the National Bank of Georgia (NBG) in the first quarter of 2013 Georgian banks received a profit of $65 million USD. As analysts predict, 2013 will be better than the previous year for Georgian banks. There are 12 banks represented on the Georgian market including the three affiliated foreign branches. All the Georgian banks have foreign capital share in their assets. It should be mentioned that in 2008-2010, Georgian banks suffered losses while in 2011-2012, they received profits and the tendency continues.