In the third quarter of 2023, the net profit of microfinance organizations operating in Georgia amounted to GEL 90,366,029 that is GEL 9.1 million more compared to the same period of last year.
In the third quarter of 2023, the total assets of MFOs stood at GEL1.953 billion, the total capital was GEL 729.309 million.
According to NBG data, in the reporting period the total interest income of MFOs amounted to GEL 319,975 million, from which the sector received GEL 285,606 million from loans granted to individuals, the interest income from loans issued to legal entities totaled GEL 4,405 million.
In the reporting period, the total non-interest income of MFOs stood at GEL 50,380 million.
In total 34 microfinance organizations operated on the market in Q3.