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June Records Growth in Bank Sector's Profits

June Records Growth in Bank Sector’s Profits

Fifteen commercial banks of 19 ones ended the first half of 2016 in total profits of 309 million GEL.

In June the sector’s profits rose by 38 million GEL.

Four commercial banks ended the reporting period in losses (TerraBank, Bank of Caucasus, Silkroad, Progress Bank). Total losses marked 18.7 million GEL. The sector’s losses rose by 2 million GEL in June.