As of the 3rd quarter of 2019,
the profit of Georgia’s 10 major banks amounted to GEL 645.8 million while the
total profit of the banking system amounted to GEL 655.8 million in the reporting
pre-provision operating profit (PPOP)
pre-provision operating profit – GEL GEL
Terabank is far behind the leaders and occupies the third place in the list with a profit of GEL 20.3 million.
The 4th and 5th are Cartu Bank and Credo Bank, their profit amounted to GEL 18.8 million and 17.7 million, respectively.
The 6th place is occupied by the third largest bank Liberty Bank, which took the third place in financial terms, but this year has worsened its position . The bank’s profit amounted to GEL 16.5 million.