Vakhtang Butskhrikidze: Consolidated competition
As part of Euromoney's 50th anniversary coverage, we profile some of the biggest names that we interviewed for our May CEE focus.
Georgia’s banking market is an outlier in emerging Europe. Not only is it almost entirely free from foreign ownership, it is also highly concentrated. Between them, the two largest lenders – TBC Bank and Bank of Georgia – account for nearly two-thirds of sector assets.