The net profit of commercial banks soared by GEL 250 million in June, the sector ended the first half of the year with a 1,260 billion profit. The operating profit of banks exceeds 1.5 billion.

As of July 1 (H1/2023), 12 out of 15 banks see profits (collective assets: ₾1,262 billion), etc. The net profit of 6 of them exceeds GEL 20 million in 6 months. Six banks account for 94% of the total profits.

 

H1/2023

H1/2022   

Bank

of Georgia

621,306

368,7

TBC

460,794

430,6

Liberty

Bank

34,123

20,6

Credo

23,961

12,8

Basisbank

23,596

31,7

ProCredit

Bank

23,364

22,4

 

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