The financial report submitted to the National Bank reads that in January 2025, 14 out of 18 banks were profitable, while 4 ended the month with a loss.
The total net profit of 18 commercial banks operating in Georgia in January amounted to GEL 238, which was 1% (GEL 3 million) more compared to the 2024 result. According to the financial statements submitted by banks to the NBG, Bank of Georgia ranks first in terms of net profit, which generated 126 million GEL in net profit during January; TBC holds the second position with 89 million GEL, while Liberty is in third place with a profit of 11.4 million GEL.
According to statistics, 4 commercial banks are at a loss instead of profit, among them the largest - VTB Bank suffered a loss of 12 million GEL, also at a loss are Silk Bank with 1.6 million GEL, PayBank with 0.1 million GEL and Hash Bank with 0.6 million GEL.
1. Bank of Georgia - 126 million GEL; increase of 4% y-o-y
2. TBC Bank - 89 million GEL; increase of 3% y-o-y
3. Liberty Bank - 11.4 million GEL; increase of 43% y-o-y
4. Credo Bank - 7.3 million GEL; increase of 338% y-o-y
5. Basis Bank - 7.1 million GEL; decrease of -12% y-o-y
6. Terabank - 3.0 million GEL; increase of 61% y-o-y
7. ProCredit Bank - 2.9 million GEL; decrease of -34% y-o-y
8. Cartu Bank - 1.6 million GEL; decrease of -52% y-o-y
9. Halyk Bank - 1.5 million GEL; increase of 37% y-o-y
