The commercial banks operating in Georgia reported a net profit of GEL 235 million in January 2024 that is GEL 37 million more than in 2023.

two largest banks - TBC and Bank of Georgia- account for 88% of the banking sector’s total profits. The country’s three commercial banks "Silk Bank", "VTB" and "Paysera Bank" see losses.


The ranking of banks by net profit is as follows:

Bank of Georgia - 121.4 million GEL;


TBC Bank - 85.9 million GEL;


Basis Bank - 8.0 million GEL;


Liberty Bank - 8.0 million GEL;

Procredit Bank - 4.4 million GEL;


Kartu Bank - 3.3 million GEL;


Terabank - 1.8 million GEL;


Credo Bank - 1.7 million GEL;

Isbank - 1.7 million GEL;

Halyk Bank - 1.1 million GEL;

Pashabank - 0.6 million GEL;

Ziraat Bank - 0.2 million GEL;

Paysera - 0.1 million GEL;

Silk Bank - 0.4 million GEL;

VTB Bank - 2.6 million GEL.