Number of banks reached 15.0 banks in 2019 in Georgia, according to the National Central Bank. This is the same as in the previous year.
Historically, number of banks in Georgia reached an all time high of 102 banks in 1995 and an all time low of banks in. When compared to Georgia's main peers, number of banks in Armenia amounted to 17.0 banks, 30.0 banks in Azerbaijan, 402 banks in Russia and 34.0 banks in Turkey in 2019.
Georgia has been ranked 96th within the group of 140 countries we follow in terms of number of banks, 5 places behind the position seen 10 years ago.