The banking sector closed 11 months with a net profit of GEL 1.97 billion, which was slightly higher than the figure of the same period last year (1.96 billion).
According to the consolidated data of 11 months, out of 14 commercial banks operating in the market, 3 banks are at a loss, among them, the Georgian subsidiary of VTB - "VTB Bank Georgia" has the biggest loss. "VTB" closed January-November with a loss of 72 million.
As for profitable banks, "TBC" leads the list - with GEL 933 million, "Bank of Georgia" is on second place with a profit of GEL 825.5 million. These two largest market players account for 89% of the profits.
Net Profit of 11M2022:
• TBC Bank - GEL 933.578 million
• Bank of Georgia - GEL 825.508 million
• Liberty Bank - GEL 60.493 million
• Basis Bank - GEL 52.235 million
• Procredit Bank - GEL 44,511 million
• Cartu Bank - GEL 34.685 million
• Tera Bank - GEL 32.880 million
• Credo Bank - GEL 29.600 million
• Isbank - GEL 17.356 million
• Halyk Bank - GEL 11.801 million
• Pasha Bank - GEL (-1.940 million) (loss)
• VTB Bank - GEL (-72.620 million) (loss)
• Ziraat Bank - GEL 6.558 million
• Silk Bank - GEL 2,742 million (loss)
The banking sector will pay GEL 305.9 million to the budget as profit tax from the profit of 11M2022.
