Commercial banks, operating in Georgia have already submitted their financial results to the National Bank of Georgia (NBG). According to the document, the total profit of 15 commercial banks in the first half of 2023 amounted to GEL 1.35 billion, which was 50% more than the previous year. Of which, the net profit of the two most prominent players in the banking sector amounted to GEL 1.18 billion, which was 87% of the profit of the sector as a whole.
According to the financial indicators submitted by the banks to the NBG, "Bank of Georgia" has the most significant net profit, with the highest ratio of return on capital (ROE). As for the portfolio of non-performing loans, it is the lowest in "Isbank", while the highest in "Cartu Bank".
Rating of Georgian Commercial Banks by Net Profit:
- Bank of Georgia - net profit 651,080,790 GEL, ROE 33.6% share of non-performing loans 2.9%
- TBC Bank - net profit 530,344,091 GEL, ROE 25.4% share of non-performing loans 2.1%
- Liberty Bank - net profit 39,772,113 GEL, ROE 18.5% share of non-performing loans 4.2%
- Basis Bank - net profit 31,247,649 GEL, ROE 13.6% share of non-performing loans 3.7%
- Procredit Bank - net profit 26,010,560 GEL, ROE 17.5% share of non-performing loans 2.9%
- Cartu Bank - net profit 17,100,134 GEL, ROE 8.9% share of non-performing loans 19.4%
- Terabank - net profit 15,592,303 GEL, ROE 13.7% share of non-performing loans 3.5%
- VTB Bank - net profit 14,955,602 GEL, ROE 10.9% share of non-performing loans 18.0%
- Credo Bank - net profit 13,854,228 GEL, ROE 10.2% share of non-performing loans 0.8%
- Halyk Bank - net profit 11,844,837 GEL, ROE 15.0% share of non-performing loans 12.0%
- Is Bank - net profit 9,163,294 GEL, ROE 15.0% share of non-performing loans 0.6%
- Ziraat Bank - net profit 2,658,318 GEL, ROE 7.7% share of non-performing loans 7.9%
- Paysera Bank - net profit -955,141 GEL, ROE -33.3% share of non-performing loans 0.0%
- Pasha Bank - net profit -1,269,281 GEL, ROE -2.5% share of non-performing loans 13.9%
- Silk Bank - net profit -2,384,666 GEL, ROE -9.0% share of non-performing loans 6.0%.
