Today, we’ll talk about the Georgian banking industry and some of its features.
The banking sector in Georgia attracts the attention of international travelers with its reliability and stability. That’s why we wanted to compile some of the vital information you may want to know as a foreigner.
Today, 15 commercial banks are operating in the country. One of these commercial banks, the National Bank of Georgia, is run by the state and serves the citizens and residents. Anyone who lives in the country or lives abroad but running a business in Georgia can benefit from the opportunities offered by the banking sector of Georgia.
The fact that Georgia is one of the richest countries in the world in terms of the banking sector has caused the biggest players in the industry to invest in the country. They created their own businesses or acquired existing brands to serve Georgia residents and citizens.
What Are the Banks Operating in Georgia?
In this section, we’ll cover all commercial banks serving in Georgia. There are 15 banks operating in Georgia, and 14 of them are commercial banks, and one of them, which is the National Bank of Georgia, is run by the state.
Here’s the complete list of banks operating in Georgia:
- National Bank of Georgia
- TBC Bank
- Liberty Bank
- Ziraat Bank Georgia
- Isbank Georgia
- Credo Bank
- FINCA Bank Georgia
- PASHA Bank Georgia
- Halyk Bank Georgia
- Silk Road Bank
- ProCredit Bank
- Cartu Bank
- VTB Bank-Georgia
What Are Popular Banks in Georgia?
If you are looking for a trustworthy bank in Georgia, we got you covered. In this section, you’ll find some of the country’s most popular, reputable, and trusted banks. As a foreigner, you can start an account without any worries or question marks on your mind.
National Bank of Georgia
Bank of Georgia, which is known as Sakartvelos Bank in the country, is the oldest in Georgia. Besides being the oldest one, it’s also the most trusted financial leader in the country. The bank is also listed in London and Georgia and has more than 2.3 million customers.
You can carry out all kinds of banking transactions through the bank’s mobile, internet, telephone, and physical branches. Moreover, you can also exchange 35 world currencies no matter where you are.
TBC Bank is the second-largest and famous banking institution in Georgia. The company was founded in 1992 by two Georgian businessmen. Later on, owners changed the name to TBC, which is the abbreviation of the original company name Tbilisi Business Centre.
The company is also one of the fastest-growing companies in the country. As a foreigner, you can receive all kinds of services from TBC Bank.
Liberty Bank has a confusing history, but it is owned by Dutch European Financial Groups BV right now. The bank used to be run by the state but privatized in 1994. It used to serve its customers as AgroMretsv Bank, but in 2002, the name was changed to People’s Bank of Georgia. In 2009, the bank was acquired by Liberty Investments Holding BV, and its name changed to Liberty Bank.
Although it’s not as popular as the National Bank of Georgia and TBC Bank, it’s the third-largest banking institution in Georgia. The bank also offers all kinds of banking services to its customers, regardless of whether they are citizens or foreigners.