Four Georgian banks that ended the third quarter on high note

Four Georgian banks that ended the third quarter on high note

access_time2020-10-27 13:43:05

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 .

The rating of profitable banks is as follows:

• 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.

It’s worth mentioning that in September the  financial performance of the banking industry improved - if as of August 2020 the total loss of the banking system amounted to GEL 317 billion in September this figure decreased to GEL 252 million.

 

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 .

თეგები:
commersant




Similar News

up