The banking sector's profit is decreased. Commercial banks generated a net profit of GEL 1.296 million in 8M2022, which is a decrease of 174 million or 11.8% compared to the same period of the last year.
The net profit of commercial banks amounted to GEL 168 million Only in August. The annual decrease is 28%.
It is noted that in August, banks reserved 96.6 million, which is the highest rate this year. Out of 14 commercial banks, 11 banks are profitable.
Rating of commercial banks by the profit /8M2022
• TBC Bank - GEL 630,146 million
• Bank of Georgia - GEL 563,424 million
• Basis Bank - GEL 36,226 million
• Liberty Bank - GEL 31,231 million
• Procredit Bank - GEL 29,775 million
• Tera Bank - GEL 22,303 million
• Cartu Bank - GEL 17,741 million
• Credo Bank - GEL 15,441 million
• Ish Bank - GEL 11,846 million
• Halik Bank - GEL 7,948 million
• Ziraat Bank - GEL 4,964 million
According to the total indicators of 8 months, 3 banks are at a loss, including VTB Bank, a subsidiary of the sanctioned Russian VTB, which received the biggest loss - GEL 68.6 million.
Rating of commercial banks by the loss / 8M2022
• VTB Bank - GEL 68,646 million
• Pasha Bank - GEL 2,616 million
• Silk Bank - GEL 2,370 million
