10.Feb .2022 18:00

TOP Banks In Georgia By Net Profit

TOP Banks In Georgia By Net Profit
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The net profit of Georgian commercial banks hit a record high in 2021. 14 commercial banks generated profit of GEL 2.08 billion in total, which exceeded to 2020, as well as pre-pandemic levels. As a whole, the banks received a total revenue of GEL 5.97 billion in 2022, the rate was 22% more compared to the same period of pre-pandemic levels.

According to the data submitted to the National Bank, TBC Bank earned the highest profit of GEL 23.4 million in 2021, followed by Bank of Georgia with a profit of GEL 832 million. Overall, 85% of the sector's profits accounts for two largest banks.

Rating Of Georgian Commercial Banks By Net Profit In 2021:

1. TBC Bank - net profit of GEL 940,330,426, assets - GEL 23,405,201,114, loan portfolio - GEL 16,739,135,187
2. Bank of Georgia - net profit of GEL 831,973,935, assets - GEL 21,788,183,848, loan portfolio - GEL 15,385,154,749
3. ProCredit Bank - Net profit of GEL 62,432,332, assets - GEL 1,851,836,394, loan portfolio - GEL 1,354,159,163
4. Liberty Bank - Net profit of 44,901,669 GEL, assets - GEL 3,111,348,075, loan portfolio - GEL 1,975,000,866
5. Basisbank - Net profit of GEL 43,753,091, assets - GEL 1,868,427,282, loan portfolio - GEL 1,254,684,411
6. VTB Bank - Net profit of 37,829,667 GEL, assets - GEL 2,145,623,513, loan portfolio - GEL 1,551,884,375
7. Cartu Bank - Net profit of GEL 34,018,499, assets - GEL 1,223,891,307, loan portfolio - GEL 965,168,857
8. Terabank - Net profit of GEL 30,004,456, assets - GEL 1,351,301,106, loan portfolio - GEL 923,639,902
9. Credo Bank - Net profit of GEL 27,348,362, assets - GEL 1,787,839,284, loan portfolio - GEL 1,492,789,998
10. Halyk Bank - Net profit of GEL 20,796,272, assets - GEL 979,334,132, loan portfolio - GEL 738,319,991
11. Ishbank - Net profit of 11,287,004 GEL, assets - GEL 376,723,740, loan portfolio - GEL 247,836,864
12. Ziraat Bank - Net profit of GEL 2,662,945, assets - GEL 148,973,629.84, loan portfolio - GEL 97,379,544
13. Silk Road Bank - Net profit of GEL 828,932, assets - GEL 90,882,788, loan portfolio - GEL 15,968,819
14. Pasha Bank Georgia - Loss of GEL -6,152,902, assets - GEL 438,733,975, loan portfolio - GEL 306,516,389

According to the financial report of the commercial banks, Pasha Bank was the sole unportable bank in Georgia last year, which suffered a loss of 6.1 million.