TOP 2 Largest Banks and Banking Sector Concentration in Frontier Europe & Central Asia (ECA) Region

Uzbekistan has the lowest concentration ratio of the two largest banks among the top eight banking sectors in frontier Europe and Central Asia. NBU and SQB, two largest banks by assets in Uzbekistan, have combined 31% of the banking assets. On the contrary, Georgia has by far the highest concentration of the top two lenders in the country: Bank of Georgia and TBC Bank have each built up 38% of the market share, which allows this dominant duo to command an unprecedented 76% of the country's banking assets.