Georgian banks’ profits stand at GEL 655.8 mln

Georgian banks’ profits stand at GEL 655.8 mln

access_time2019-11-05 12:55:38

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  period.

 

TBC Bank  leads with profit of GEL 268.2 million, pre-provision operating profit (PPOP) made 423.2 million, the bank paid income tax in the amount of GEL 26.7 million.

 

“Bank of Georgia” is the second-   its profit amounted to GEL 262.7 million, pre-provision operating profit – GEL  418.4 million, the bank paid income taxes in the amount of GEL 27.5 million.


 

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 banks  profit amounted to GEL 16.5 million.

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