BOG is one of the two biggest commercial banks in Georgia and is listed on the London Stock Exchange.

ADB said that challenges caused by the COVID-19 pandemic "underlined the need for economic diversification."

Commercial banks reported a total net profit of 1.237 billion lari ($399 million) from January to July compared to a loss of 413 million lari in the same period in 2020.

The ex-Soviet country's Gross Domestic Product (GDP) grew by 13.1 percent year-on-year in April-June and by 17.4 percent compared to the first quarter of this year.