List of banks in Georgia country A Comprehensive Directory

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Charming brick building in Tbilisi, Georgia with ivy-covered yellow door. Perfect blend of architecture and nature.
Credit: pexels.com, Charming brick building in Tbilisi, Georgia with ivy-covered yellow door. Perfect blend of architecture and nature.

Georgia, a country located at the crossroads of Europe and Asia, has a diverse banking system with a long history. The country's banking sector has undergone significant reforms since the early 2000s.

There are several types of banks operating in Georgia, including commercial banks, state-owned banks, and specialized banks. Commercial banks are the most common type, offering a wide range of financial services to individuals and businesses.

Some of the most prominent commercial banks in Georgia include TBC Bank, Bank of Georgia, and JSC Bank Republic. These banks have a significant presence in the country and offer a wide range of services, including personal and corporate banking, investments, and insurance.

Major Georgian Banks

In Georgia, you'll find 14 commercial banks, with Tbilisi being the financial center and home to all of them. The biggest and oldest bank in the country is the Bank of Georgia, which offers a complete range of banking operations.

Credit: youtube.com, How to choose the right bank in the Republic of Georgia?

The Bank of Georgia has branches and ATMs all over the country and outside of it, making it a convenient option for locals and foreigners alike. It's also the central bank of Georgia, regulating all other Georgian banks.

Some of the notable banks in Georgia include Bank of Georgia, TBC Bank, and Ziraat Bank Georgia. Bank of Georgia offers a high-end service called Solo, which provides benefits such as higher withdrawal limits and free remote assistance. Ziraat Bank Georgia is the Georgian branch of a leading Turkish bank, making it convenient for transferring money to and from Turkey.

Here's a list of the 14 commercial banks in Georgia:

  • Bank of Georgia
  • TBC Bank
  • Liberty Bank
  • Basis Bank
  • VTB Bank Georgia
  • Cartu Bank
  • ProCredit Bank
  • Silk Road Bank
  • Ziraat Bank Georgia
  • Isbank Georgia
  • TeraBank
  • Halyk Bank Georgia
  • PASHA Bank Georgia
  • Credo Bank

Major Georgian Banks

The top two Georgian banks are very similar in terms of products and services offered, with nationwide coverage and similar customer service levels.

Both Bank of Georgia and TBC Bank have a strong presence in the country and are popular choices for banking operations among locals and foreigners.

Credit: youtube.com, Q&A: Bank of Georgia

These two banks are listed on the London Stock Exchange and account for over 70% of the profit of the entire banking system in Georgia.

Bank of Georgia and TBC Bank are the leading banks of Georgia, generating a significant portion of the country's revenue.

The two banks offer premium investment banking, internet banking, remote banking, and other banking services that have made their name countrywide and worldwide.

Major Georgian Banks

Georgia has a thriving banking system, with fourteen commercial banks operating in the country. The two biggest and most popular banks among foreigners and locals are Bank of Georgia and TBC Bank, which account for over 70% of the country's banking profit.

Both Bank of Georgia and TBC Bank offer a wide range of services, including internet banking, loan provisions, and remote banking. They also have a strong presence on the London Stock Exchange, with both banks listed.

TBC Bank was founded in 1992 with an initial capital of $500 and has since grown into a leading financial institution in Georgia. It offers similar services to Bank of Georgia, including internet banking and loan provisions.

Credit: youtube.com, National Bank of Georgia - Renewed Lari | JWT Metro

Liberty Bank is another major player in the Georgian banking scene, with the biggest chain of branches in the country. It offers personal account options with both Visa and Mastercard, including Mastercard Standard and three different Visa cards.

Ziraat Bank Georgia is the Georgian branch of a leading Turkish bank, making it a convenient option for transferring money to and from Turkey. It also features an internet banking system that allows clients to manage accounts and perform transactions remotely.

Here is a list of the major Georgian banks mentioned in this article:

  • Bank of Georgia
  • TBC Bank
  • Liberty Bank
  • Ziraat Bank Georgia

These banks offer a range of services and are popular among locals and foreigners alike. Whether you're looking to open a corporate or personal account, or enjoy internet banking, these banks are definitely worth considering.

Georgia

Georgia is a country with a well-established banking system, boasting 189 local and national banks serving its citizens. The Bank of Georgia is the biggest and oldest bank in the country, with branches and ATMs all over the country and outside of it.

Credit: youtube.com, Georgian banks to be controlled by agency, not central bank

Citizens of any country can open a current account in four currencies and exchange thirty-five types of currencies in the Bank of Georgia. This bank is also the central bank of Georgia, regulating all other Georgian banks.

The Bank of Georgia offers a premium banking service called Solo, which provides a range of benefits, including higher withdrawal limits, free remote assistance, and a high-interest rate on a positive account balance.

The largest banks in Georgia have a significant presence, with Truist Bank having the most branches at 213 offices. Wells Fargo Bank and Bank of America also have a substantial number of offices in the country.

The National Bank of Georgia and TBC Bank are the most popular banks among locals and foreigners, listed on the London Stock Exchange and generating a significant portion of the country's banking revenue.

Opening a Georgian Account

Opening a Georgian account is a relatively straightforward process, with two major banks, Bank of Georgia and TBC Bank, accounting for over 70% of the country's banking profit.

Credit: youtube.com, How to Open Georgian Bank Account

These banks are listed on the London Stock Exchange and offer a range of services, including internet banking and remote account opening.

You can open a corporate or personal account, and no deposit is required to start the process. You'll be assigned a private banker if you decide to deposit a significant amount for premium service.

Georgian banks review applications within five to ten days, after which you'll be notified of the bank's decision.

Documents Required

To open a Georgian account, you'll need to provide some essential documents. A valid passport is required, and it's best to have a copy of the passport's bio page.

You'll also need to provide proof of address, such as a utility bill or a bank statement, which should be no older than three months.

For non-residents, a residence permit or a work permit is necessary. This document should be valid for at least three months.

A completed application form is also required, which can be obtained from the bank or downloaded from their website.

Best Georgian for Non-Natives

Credit: youtube.com, Opening a bank account in Georgia as a non resident

If you're a non-native looking to open a bank account in Georgia, you're in luck because two banks stand out as the best options - Bank of Georgia and TBC Bank.

These two banks account for over 70% of the profit of the entire banking system of Georgia, making them the most popular choices for banking operations among foreigners and locals alike.

Both Bank of Georgia and TBC Bank are listed on the London Stock Exchange, giving them a level of international credibility and trustworthiness.

Whether you're looking to open a corporate or personal account, enjoy internet banking, or open a bank account remotely, these two banks are the way to go.

Frequently Asked Questions

How many banks are in Georgia country?

There are 15 banks operating in Georgia, with the majority being foreign-owned. Most of the banking sector assets are held by just two large banks.

Raquel Bogisich

Writer

Raquel Bogisich is a seasoned writer with a deep understanding of financial services in the Philippines. Her work delves into the intricacies of digital banks and traditional banking systems, offering readers insightful analyses and expert opinions on the evolving landscape of financial services. Her articles on digital banks in the Philippines and banks of the country have been featured in several leading financial publications, highlighting her ability to simplify complex financial concepts for a broader audience.

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