The National Bank of Georgia issued a license for the activity of Azerbaijan’s Pasha Bank.

“Pasha Bank is one of the largest private banks in Azerbaijan and mainly focuses on corporate clients. According to data for the third quarter of 2012, its assets totaled $810 million. It is considered the second largest bank in Azerbaijan’s banking sector,” Trend agency was told in the National Bank.

There are 20 commercial banks in Georgia, including six foreign ones.

There are two Azerbaijani banks currently operating in the Georgian banking sector- “International Bank of Azerbaijan- Georgia” and the Tbilisi branch of the “Caucasian Development Bank”.