Commercial Banks Finished August in Net Profits of GEL 96.363 million

Commercial banks have finished the month of August in net profits of GEL 96.363 million, up GEL 32.870 million compared to July 2020 (GEL 63.493 million).

According to statistics published by the National Bank of Georgia (NBG), in August 2020, commercial banks have collected GEL 3.843 million from fines; net profits/losses from conversion operations marked GEL -71.858 million.

At the same time, the incomes of commercial banks form commission fees and services marked GEL 30.976 million in July 2020. Incomes of commercial banks in August 2020 marked GEL 399.995 million, including proceeds from interest rates, amounted to GEL 330.845 million.

At the same time, the total expenditures of commercial banks in August 2020 made up GEL 293.344 million. In 2019, the net profits of commercial banks marked GEL 953.635 million.