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.