Commercial banks operating in Georgia have submitted their financial results to the National Bank. According to the documentation, the total profit of 15 banks in the first half of 2023 amounted to GEL 1.35 billion, which is 50% more than in the previous year. At the same time, the net profit of the two largest players in the banking sector amounted to GEL 1.18 billion, which accounted for 87% of the total profit of the sector.
According to the financial indicators provided by banks to the regulator, the Bank of Georgia has the highest net income and the Bank of Georgia has the highest return on equity (ROE). As for the portfolio of bad loans, it is the lowest for Isbank and the highest for Cartu Bank.
Georgian banks rating by net profit:
Bank of Georgia - net profit - GEL 651 080 790, ROE 33.6%, share of bad loans 2.9%
TBC Bank - net profit - GEL 530 344 091, ROE 25.4%, share of bad loans 2.1%
Liberty Bank - net profit - GEL 39 772 113, ROE 18.5%, share of bad loans 4.2%
Basis Bank - net profit - GEL 31,247,649, ROE 13.6%, share of bad loans 3.7%
Procredit Bank - net profit - GEL 26 010 560, ROE 17.5%, share of bad loans 2.9%
Cartu Bank - net profit - GEL 17 100 134, ROE 8.9%, share of bad loans 19.4%
Terabank - net profit - GEL 15,592,303, ROE 13.7%, share of bad loans 3.5%
VTB Bank - net profit - GEL 14,955,602, ROE 10.9%, share of bad loans 18.0%
Credo Bank - net profit - GEL 13 854 228, ROE 10.2%, share of bad loans 0.8%
Halyk Bank - net profit - GEL 11 844 837, ROE 15.0%, share of bad loans 12.0%
Isbank - net profit - GEL 9 163 294, ROE 15.0%, share of bad loans 0.6%
Ziraat Bank - net profit - GEL 2 658 318, ROE 7.7%, share of bad loans 7.9%
Peysera Bank Georgia - net profit – GEL 955 14, ROE -33.3%, share of bad loans 0.0%
Pasha Bank - net profit - GEL 1 269 281, ROE -2.5%, share of bad loans 13.9%
Silk Bank - net profit – GEL 2 384 666, ROE -9.0%, share of bad loans 6.0%.
