Home / Banking / Only Two of 20 Georgian Banks Incur Losses
Only Two of 20 Georgian Banks Incur Losses

Only Two of 20 Georgian Banks Incur Losses

Commercial banks Q1 net profit amounted to GEL 101 million that is 7.2% more as compared to the same period last year.

It should be noted that during the reporting period, only two of 20 Georgian commercial banks incurred losses. In particular, “Capital Bank” suffered GEL 934 thousand of losses , and “PASHA Bank Georgia” – 1.6 million loss.

The top five of the most profitable bank is as follows:

TBC Bank- 30.8%
Bank of Georgia- 22.7%
Bank Cartu- 11.4%
Bank Republic- 8.2 %
Liberty Bank- 8.2%