Banking
Posted: 1 month ago

Basisbank made a Profit of GEL 5 Million in August

Basisbank posted a profit of GEL 5 million in August and halved its loss of GEL 10.9 million in January-July.

As of August 1, the loss is 5.8 million GEL and in the consolidated data of the sector, the bank is represented by a negligible 1.8% share (as of 01.09.2020, 11 out of 15 banks are at a loss).

According to the assets of the Chinese "Hualing Group" bank, is in the 5th position with the share of 3.2%. With credit investment, up to 3% is represented in the bank lending market.