30.Nov .2020 13:30

Rating of Georgian banks according to profit / loss

Rating of Georgian banks according to profit / loss
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All commercial banks operating in Georgia have already submitted financial results to the NBG for the first nine months of 2020.

According to the report, the total assets of Georgian banks have increased by 18% y-o-y despite the economic crisis and amount to GEL 54 billion.

However, banks’ revenue from the issued loans is grown as well, which amounted to 2.9 billion GEL in 9 months. In 2019, this figure was 2.7 billion GEL, although the net profit of banks has deteriorated sharply. In total, all fifteen commercial banks have a loss of 252 million instead of profit.

However, the main determinant of the existing losses is accumulation of GEL 1.2 billion in the expected credit loss reserve. In total, Georgian commercial banks have reserved GEL 1.22 billion in the "Possible Assets Loss" buffer, which reflects the amount of possible loan losses due to the expected crisis.

Rating of Georgian banks according to profit / loss

1)Bank of Georgia - GEL 77,513,314 loss;
Asset volume - GEL 19,342,099,382, annual growth 19.3%
2)TBC Bank - loss of GEL 50,024,580;
Asset volume - GEL 20,965,767,096, annual growth 18.5%
3) BANK CARTU - loss of GEL 29,937,084;
Asset volume - 1,407,278,603 GEL, annual growth 14.1%
4)VTB Bank - GEL 21,206,374 loss;
Asset volume – GEL 1,948,708,132, annual growth 16.3%
5)Pasha Bank Georgia - GEL 19,753,347 loss;
Asset volume - GEL 464,713,298, annual decrease -5.5%
6)Liberty Bank - GEL 17,280,670 loss;
Asset volume – GEL 2,763,974,341, annual growth 33.2%
7)Halyk Bank Georgia - GEL 16,383,753 loss;
Asset volume – GEL 604,207,215, annual growth 17.6%
8)Terabank - GEL 15,057,205 loss;
Asset volume - GEL 1,238,462,612, annual growth 21.1%
9)Procredit Bank – GEL 6,010,594 loss;
Asset volume - 1,743,894,693 GEL, annual growth 11.7%
10)Finca Bank - GEL 4,061,372 loss;
Asset volume - 280,460,899 GEL, annual decrease -2.8%
11)Basis Bank – GEL 1,112,758 Loss;
Asset volume - 1,738,232,204 GEL, annual growth 11.8%
12)Silk Road Bank - GEL 246,045 profit;
Asset volume - 89,217,779 GEL, annual growth 6.2%
13)Is Bank – GEL 347,897 profit
Asset volume - 324,969,632 GEL, annual growth 15.0%
14)Ziraat Bank – GEL 496,198
Asset volume - GEL 123,860,992, annual decrease -13.4%
15)Credo Bank – GEL 5,112,675 profit
Asset volume - 1,306,951,768 GEL, annual growth 38.7%