The banking sector closed 7 months with a net profit of GEL 1.57 billion. Based on the data prepared in accordance with the IFRS standard, the National Bank has already published the consolidated report for 15 commercial banks.
According to the consolidated indicators, the interest income of the sector exceeded GEL 3.99 billion, while the interest expenses in the same period were GEL 1.79 billion.
During 7 months, commercial banks will pay GEL 274.2 million to the budget as profit tax.
It should be noted that as of August 1, the total assets of the banking sector were GEL 71.2 billion.
