| Georgia Market Structure |
Cards per capita, at 0.91 are at a high level by CIS standards. POS transactions are relatively highly-developed, running at half the number of ATM withdrawals by number.
All Georgian banks are privately-owned. Foreign capital plays an important role, accounting for over 80% of banking sector assets.
SociŽtŽ GŽnŽrale, through Bank Republic, is the main western bank investor. Banks from Russia, Turkey, Ukraine, Kazakhstan and Azerbaijan are also present. |