"Credo Bank's" income from buying and selling currency up 10-fold, "Halik Bank's" up 24-fold

"Credo Bank's" income from buying and selling currency up 10-fold, "Halik Bank's" – up 24-fold
In three months of 2023, commercial banks operating in Georgia earned more than GEL 150 million in profit from the purchase and sale of currency.

"Credo Bank" and "Halik Bank" see the highest profit from the currency purchase and sale.

The net income/loss from the exchange rate difference of the banks in Q1 2023 are as follows:

Bank of Georgia - 74,762,000 GEL (52,996,000 GEL in 3 months of 2022).

TBC Bank – 62,463,4283 GEL (50,619,827 GEL in 3 months of 2022).

Liberty Bank - 0 GEL (0 GEL in 3 months of 2022).

Procredit Bank – 3,621,299 GEL (2,309,053 GEL in 3 months of 2022).

Basisbank — loss of 660,276 GEL (2,273,556 GEL in 3 months of 2022).

Credo Bank — loss of 7 193 81 GEL (in 3 months of 2022 670 243 GEL)

Halik Bank — 2,163,203 GEL (88,203 GEL in 3 months of 2022).

Isbank — 1,222,201 GEL (0 GEL in 3 months of 2022).

Pasha Bank — 3,762,305 GEL (1,323,534 GEL in 3 months of 2022).

Silk Bank — loss of 253,382 GEL (92,514 GEL in 3 months of 2022).

Terra Bank — 123,249 GEL (505,091 GEL in 3 months of 2022).

VTB Bank — 0 GEL loss (in 3 months of 2022 26 702 132 GEL).

Ziraat Bank — 384,028 GEL (653,556 GEL in 3 months of 2022).

Cartu Bank — loss of 1 993 474 GEL (1 244 624 GEL in 3 months of 2022).

Paysera - 12,682 GEL.

In 2023, a total of 15 commercial banks were operating on the market, the fifteenth bank is a new market player "Paysera" (digital bank), which has not yet started operating.