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Bank of Georgia Finished January with a Profit of 6.4 MLN GEL

Bank of Georgia Finished January with a Profit of 6.4 MLN GEL

Bank of Georgia finished January with a profit of 6.4 million GEL, the rate is more by 2.2 million (+52% y-o-y), comparing to the previous January (L/Y – 4.2 million). As of January, 2015, the bank had a loss (-5.7% million).

The bank is presented with 9.3%-share among the profitable banks (16). However, the share has been 17.4% in January, 2017.

The bank is ranked as the 2nd in the rating. It occupied the 2nd position in January, 2017.

15 out of 16 banks have finished first month of the year with a total profit of 68.55 million. It should be noted, that 13 out of 19 banks had a total profit of 24.2 million in the same period of the last year (01/2015 – 10 out of 20 banks had a total profit of 28.1 million).