Tera bank, Halyk bank made the largest profit from buying/selling currency

As of 6 months of 2023, commercial banks operating in Georgia earned GEL

315 million in profit from buying/selling currency. Terabank and Halyk bank saw the largest revenue growth from buying/selling currency.

Banks’ profit/loss from difference in exchange rate in Q2 2023 are as follows:

Bank of Georgia – GEL 160.4 million (in six months of 2022 - GEL 156.5 million).

TBC Bank – GEL 134 million (in six months of 2022 - GEL 120.9 million).

Liberty Bank – is not specified.

ProCredit Bank– GEL 6.4 million (in six months of 2022- GEL 7.2 million).

Basis bank — GEL 2.1 million ( in six months of 2022 - GEL 4.6 million).

Credo Bank — GEL 2.8 million (in six months of 2022 - GEL 2.1 million)

Halyk Bank — GEL4.3 million ( in six months of 2022- GEL 1.3 million).

Isbank — GEL 2 million (in six months of 2022 is not specified).

Pasha Bank — GEL 1.2 million ( in six months of 2022- GEL 776 thousand).

Silk bank — GEL 160 thousand (in six months of 2022 - GEL 86 thousand).

Terabank — GEL 1.6 million (in six months of 2022 the loss of GEL 7.2 million).

VTB Bank — GEL 0 ( in six months of 2022 the loss of GEL 26.7 million).

Ziraat Bank — GEL 840 thousand (in six months of 2022- GEL 1.2 million).

Cartu Bank —  GEL 1 million ( in six months of 2022 the loss of GEL 4.2 million).

Paysera- the loss of GEL 233 031.

A total of 15 banks operated in Georgia in 2023.