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TOP Banks In Georgia By Profit - BM.GE Ranking

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Natia Taktakishvili
09.11.21 15:00
461
The net profit of Georgian banks hit a record high in 9M2021. 15 commercial banks earned a profit of GEL 1.64 billion in total for 9 months of 2021.

According to the data submitted to the National Bank, TBC Bank earned the highest profit of GEL 735.6 million in the first three quarters of the year, followed by Bank of Georgia with a profit of GEL 658.2 million. Overall, 90% of the sector's profits accounts for three most profitable banks.

Rating of Georgian Banks by Net Profit in 9M2021:

1. TBC Bank - net profit of GEL 735,565,005;
2. Bank of Georgia - net profit of GEL 658,175,300;
3. ProCredit Bank - net profit of GEL 48,046,498;
4. Liberty Bank - net profit of GEL 36,311,329;
5. Basisbank - net profit of GEL 33,319,645;
6. VTB Bank Georgia - net profit of GEL 32,673,573;
7. Terabank - net profit of GEL 23,801,999;
8. Cartu Bank - net profit of GEL 22,982,181;
9. Credo Bank - net profit of 22,410,162 GEL;
10. Khalik Bank Georgia - net profit of GEL 14,756,911;
11. Ish Bank Georgia - net profit of GEL 8,616,961;
12. Finca Bank Georgia - net profit of GEL 1,005,671;
13. Ziraat Bank Georgia - net profit of GEL 2,003,772;
14. Silk Road Bank - net profit of GEL 1,355,335;
15. Pasha Bank Georgia - loss of GEL 2,823,225.

In total, in the first 9 months of 2021, banks received GEL 4.42 billion in total revenue, which was 25% more compared to the same period of the last year.