Banks operating in Georgia generated nearly GEL 2.9 billion in profit in the first nine months of 2026, according to financial results submitted to the National Bank of Georgia. Total profit increased by GEL 480 million, or 20%, year-on-year. Of the country’s 19 banks, 15 reported profits, while four recorded losses.
Bank of Georgia posted the highest profit at GEL 1.44 billion, up by 20% year-on-year. TBC Bank ranked second with GEL 1.06 billion, an 18% increase, followed by Basisbank with GEL 110 million, up by 38%.
Liberty Bank’s profit declined by 3% year-on-year to GEL 92 million. In April 2026, Liberty Bank came under Basisbank’s ownership but continues to operate independently for now, with a merger expected in the future.
The four banks reporting losses were Paysera Bank, Heshbank, Silk Bank and VTB Bank Georgia.
