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Cartu Bank Profits Marked 5.6 million GEL as of May 1

Banking Sector’s Profits Shrink by 10.6mln GEL

The Georgian banking sector’s profits in October exceeded 37mln GEL, down 10.6mln GEL year on year (-22% year on year).

Only one commercial bank of 16 ones has finished the month with losses: Silk Road Bank (0.630mln GEL). The 10-month statistics is almost the same. Every year, even as of November 1, 2015, one commercial bank had losses – Capital Bank (-2.4mln GEL).

 

October
Million
2017 37.3
2016 47.9
2015 22.2
2014 55.9