Georgian banks earned GEL 99.2 mln

Georgian banks earned GEL 99.2 mln

access_time2021-01-21 15:47:46

Commercial banks' net profit amounted to GEL 99.262 million in 2020, which is 10-fold less compared to the previous year (GEL 953,635 million).

Due to the coronavirus pandemic, 2020 turned out to be quite difficult for commercial banks. In March banks posted losses in the amount of $ 943.1 million but since March banks have not suffered a loss.

In  December the net profit of commercial banks amounted to GEL 100,730 million that is GEL 16 249 million more than in the previous month (GEL 84,481 million in  November) and GEL 31,289 million less compared to the same period of  last year (GEL 132,019 million).

Note:  Currently 15 commercial banks are operating in the market.


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