"Cartu Bank's" fee income down  2-fold, "Pasha Bank's" rocketed by 140%

As of twelve months of 2023, commercial banks operating in Georgia earned more than GEL 1.3 billion as commission income.

"Pasha Bank" (140%) and "Basis Bank" (66%) earned the most from the commission income while "Cartu Bank’s" commission income decreased 2-fold.

By profit earned from commission income, the data of the banks for the fourth quarter of 2023 are as follows:

Bank of Georgia - 622 million GEL (510.8 million GEL in 12 months of 2022).

TBC Bank – 532.3 million GEL (443.4 million GEL in 12 months of 2022).

Credo Bank — 53 million GEL (47.5 million GEL in 12 months of 2022).

Liberty Bank – 51.2 GEL (32.2 million GEL in 12 months of 2022).

Basisbank — 16 million GEL (9.6 million GEL in 12 months of 2022).

Procredit Bank - 12 million GEL (13 million GEL in 12 months of 2022).

Tera Bank — 11 million GEL (18.9 million GEL in 12 months of 2022).

Cartu Bank — 7.6 million GEL (16.3 million GEL in 12 months of 2022).

Pasha Bank — 4.8 million GEL (2 million GEL in 12 months of 2022).

Halyk Bank — 2.3 million GEL (2.5 million GEL in 12 months of 2022).

Ziraat Bank — 1.8 million GEL (1.4 million GEL in 12 months of 2022).

Isbank — 1.7 million GEL (in 12 months of 2022 not specified).

Silk Bank — 223 thousand GEL (227 thousand GEL in 12 months of 2022).

VTB Bank — 80 thousand GEL (4 million GEL in 12 months of 2022).

Paysera - 13 527 GEL.

A total of 15 commercial banks were operating on the market in 2023.