Banks operating in Georgia earned a net profit of GEL 1.97 billion in 11M2022. According to financial statements, 88% of the total profit of the sector accounts for two largest banks of the country - TBC Bank and Bank of Georgia. Among them, "TBC" is on the first place with a profit of GEL 934 million, while "Bank of Georgia" is on the second place with a profit of GEL 826 million.
The third place is occupied by Liberty Bank, which has already earned a net profit of GEL 61 million this year.
TOP Banks By Net Profit For 11M2022
• TBC Bank - GEL 933.6 million
• Bank of Georgia - GEL 825.5 million
• Liberty Bank - GEL 60.5 million
• Basis Bank - GEL 52.2 million
• Procredit Bank - GEL 44.5 million
• Cartu Bank - GEL 34.7 million
• Tera Bank - GEL 32.9 million
• Credo Bank - GEL 29.6 million
• Isbank - GEL 17.4 million
• Halyk Bank - GEL 11.8 million
• Ziraat Bank - GEL 6.6 million
• Pasha Bank - GEL -2 million GEL loss
• Silk Bank - GEL -2.7 million loss
• VTB Bank - GEL -72.6 million loss
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.
The banking sector will pay profit tax of GEL 305.9 million from the profit of 11 months to the budget.
