Commercial banks operating on the Georgian market have published their financial reports for 5M2023. The data submitted to the regulator revealed that the net profit of the banking sector was GEL 237.6 million. The net profit for 5 months has increased by 47% y-o-y.
According to the document, "Bank of Georgia" has the largest profit of GEL 496 million and ranks the first, followed by TBC Bank with a net profit of GEL 372 million, and Liberty Banks with GEL 26 million.
Three commercial banks had a loss in January-May - Pasha Bank, Silk Road Bank and new digital bank Paysera:
Georgian Banks Ranking By Profit:
1. Bank of Georgia GEL 496.4 million
2. TBC Bank GEL 372.3 million
3. Liberty Bank GEL 25.9 million
4. Basisbank GEL 20.5 million
5. Procredit Bank GEL 19.8 million
6. Credo Bank GEL 19. million
7. Cartu Bank GEL 12.2 million
8. Terabank GEL 12 million
9. Halyk Bank GEL 10.3 million
10. IsBank GEL 9.9 million
11. VTB Bank 5.9 million
12. Ziraat Bank 3.5 million
13. Paysera GEL (- 0.44 million)
14. Pasha Bank GEL (-0.84 million)
15. Silk Bank GEL (-1.75 million)
Source: Commercial Banks
