"Tera Bank" , "VTB Bank" earned the most from buying and selling currency, "Credo’s" income declined 3-fold

As of 12 months of 2023, the commercial banks operating in Georgia earned a profit of GEL 680 million from buying and selling currency.

"VTB Bank", "Tera Bank" have the highest profit from buying and selling currency.

The data of the banks by the net income/loss from the exchange rate difference for the fourth quarter of 2023 are as follows:

Bank of Georgia - GEL 329.5 million (399 million GEL in 12 months of 2022).

TBC Bank - GEL 273.8 million (412.8 million GEL in 12 months of 2022).

Liberty Bank - not specified.

Procredit Bank - GEL 13.6 million (17.7 million GEL in 12 months of 2022).

Basisbank — GEL 8 million (8.6 million GEL in 12 months of 2022).

Credo Bank — loss of GEL 2.9 million (8.8 million GEL in 12 months of 2022).

Halyk Bank — GEL 6.7 million (3.2 million GEL in 12 months of 2022).

Isbank — GEL 3.2 million (in 12 months of 2022 not specified).

Pasha Bank — GEL 9.4 million (9.9 million GEL in 12 months of 2022).

Silk Bank — GEL 700 thousand (38 thousand GEL in 12 months of 2022).

Tera Bank — 3.6 million GEL (1.1 million GEL loss in 12 months of 2022).

VTB Bank — 23.6 million GEL (loss of 50 million GEL in 12 months of 2022).

Ziraat Bank — 1.6 GEL (2.3 million GEL in 12 months of 2022).

Cartu Bank — 6.2 million GEL (loss in 12 months of 2022 8.6 million GEL).

Paysera - loss of 55 thousand GEL (loss of 341 thousand GEL in 12 months of 2022).

In the third quarter of 2023, a total of 15 commercial banks operated on the market.