Bank assets as a share of GDP reached 114 % in 2020 in Georgia, according to the National Central Bank. This is 19.0 % more than in the previous year.
Historically, bank assets as a share of GDP in Georgia reached an all time high of 114 % in 2020 and an all time low of % in. When compared to Georgia's main peers, bank assets as a share of GDP in Armenia amounted to 106 % and 98.7 % in Russia in 2020.
Georgia has been ranked 14th within the group of 53 countries we follow in terms of bank assets as a share of GDP, 84 places above the position seen 10 years ago.
Banking assets are everything that a bank owns, including loans, securities, and physical assets such as buildings.