In January-September 2020, Georgian commercial banks suffered a total
loss of 252 million - the National Bank’s report says. It’s worth mentioning
that compared to the second quarter when
14 out of 15 commercial banks reported a
loss, 4 banks in the third quarter ended with a profit .
• Credo Bank - GEL 5.1. mln;
• Ziraat Bank Georgia - GEL 0.5 mln;
• Bank of Georgia - GEL 0.3 mln;
• Silk Road Bank - GEL 0.2 mln.
NBG President also made a statement on the financial performance of banks. According to Koba Gvenetadze, the banks’ profit is expected to return to previous years’ figures in 2021 .