Posted: 2 years ago

4 Out of 15 Georgian Banks Making Loss in May

After a loss of 943 million in March, the banking sector has been making a profit for 2 months. 53 million in May and 80 million in April.

In May, 8 out of 15 banks suffered losses.

In April, Silkroad Bank (profit 0.334 million), Liberty (profit 0.920 million), IsBank (profit 0.596), Ziraat Bank (profit: 0.093 million) were excluded from the loss-making banks in April.

VTB Bank has moved from profitable to loss-making.