The highest salary managers earn at "Bank of Georgia", the lowest - at "Ziraat Bank"

In 2022, the banking sector paid a record amount of about GEL 110 million to the Directorate and the Supervisory Board. "TBC" and "Bank of Georgia" have the highest paid management. The salary fund of the Bank of Georgia for hiring 8 directors amounted to GEL 53.4 million, TBC Bank’s - GEL 19.8 million.

The annual reports of 13 banks submitted to the National Bank (the data of the sanctioned Russian VTB subsidiary "VTB Bank Georgia" is not reflected in its annual report), show that part of the compensation was paid in cash. The total amount includes fixed and variable salaries, as well as cash and shares.

The remuneration paid by banks (total fixed, variable, deferred, cash and non-cash) for the directorate and supervisory board in 2022 is as follows:

Bank of Georgia

10 directors - GEL 53 367 562
9 members of the supervisory board - GEL 2 649 939

TBC Bank

6 directors - GEL 19,801,138,
8 members of the supervisory board - GEL 2 304 982

Basis bank

4 directors - GEL6 726 453
4 members of the supervisory board - GEL 757,085

Credo Bank

6 directors - GEL 6 185 498
6 members of the Supervisory Board- GEL 500 920

Terabank

5 directors - GEL 3 255 501
6 members of the Supervisory Board- GEL 112,500

Pasha Bank

4 directors - GEL2 488 432
3 members of the supervisory board - GEL445 530

Liberty

5 directors - GEL 1,160,291
4 members of the supervisory board - GEL 732,918

ProCredit Bank

4 directors - GEL 773 096
3 members of the supervisory board -GEL 86 174

Cartu Bank

7 directors - GEL 1,679,247
4 members of the supervisory board – GEL 300 490

Ish Bank

4 directors -GEL 2 488 432
3 members of the supervisory board - GEL 445 530

Silk Bank

10 directors - GEL 1,062,096
3 members of the supervisory board - GEL 305,039

Halyk Bank

5 directors - GEL 938,984
1 member of the supervisory board - GEL 246 107

Ziraat Bank

4 directors - GEL 596,850
5 members of the supervisory board - GEL 127,387