Firstly, that in Georgia there is monopolistic competition. Furthermore, despite the decrease in the number of
banks during the investigated period and great increase in concentration measures during that time, there are no
indications of a less competitive behavior of commercial banks in the second half of this period.
The results of my study suggest that Georgian banks increased their competitiveness especially after rose revolution
by implementing large scale of privatization and easing foreign participation in the banking sector. I think that it is
expected to continue to respond to increased competition by doing professional services in traditional market,
offering new services and products and increasing revenue in non-interest revenues and upgrading their operations
through new technology.