Georgia’s banking system expanded in 2025 with the addition of two new players from the microfinance sector. The total assets of the country’s second-tier banks exceeded 100% of GDP by the end of the year, while net profit reached a record 3.3 billion lari (about $1.2 billion).
As Georgia’s largest lenders — TBC Bank and Bank of Georgia — continue expanding into the markets of Armenia and Uzbekistan, smaller domestic digital and microbanks are still struggling to gain significant market share.
The banking sector remains the dominant segment of Georgia’s financial system, accounting for 89.9% of total financial-sector...