"Cartu Bank’s", "Terabank’s" income from commissions down 2-fold, "Basisbank’s" "Credo’s" up

In 9 months of 2023, the commercial banks operating in Georgia earned GEL 957 million as commission income.

"Basis Bank" sees the most significant increase in income from commissions, a 2-fold decrease is registered in "Cartu Bank" and "Terabank".

The banks’ income from commissions is as follows in the third quarter of 2023:

Bank of Georgia - GEL 451 million (357 million GEL in 9 months of 2022).

TBC Bank - GEL 382.4 million (315.7 million GEL in 9 months of 2022).

Credo Bank — 40.5 million GEL (loss of 35 million GEL in 9 months of 2022).

Liberty Bank – 38.4 GEL (32.2 million GEL in 9 months of 2022).

Basisbank — 11 million GEL (6.7 million GEL in 9 months of 2022).

Terank — 9.9 million GEL (19 million GEL in 9 months of 2022).

Procredit Bank - 9.2 million GEL (9.2 million GEL in 9 months of 2022).

Cartu Bank — 5.7 million GEL (11 million GEL in 9 months of 2022).

Isbank — 2.9 million GEL (in 9 months of 2022 not specified).

Pasha Bank — 1.9 million GEL (1.3 million GEL in 9 months of 2022).

Halyk Bank — 1.7 million GEL (1.8 million GEL in 9 months of 2022).

Ziraat Bank — 1.3 million GEL (1 million GEL in 9 months of 2022).

Silk Bank — 276 thousand GEL (151 thousand GEL in 9 months of 2022).

VTB Bank — 75 thousand GEL (4 million GEL in 9 months of 2022).

A total of 15 commercial banks were operating in the market, the fifteenth bank is the newly entered "Paysera" (digital bank).