Banking
Posted: 3 weeks ago

Georgian Banks Ranked by 2018 Earnings

Georgian commercial banks have published 2018 financial reports. The leader of banking sector is TBC bank which had accumulated a net profit of 361 million GEL in 2018. Bank of Georgia in on the second place, with a profit of 342 million GEL. Liberty Bank took the third place with a net profit of 52 million GEL. 

The combined size of commercial bank assets has reached 39 billion lari, which equals GDP size of Georgia.

The Ranking of commercial banks by the amount of total assets and earnings:

  1. TBC Bank – Assets 15.1 billion GEL, net profit 361 million GEL;
  2. Bank of Georgia – Assets 13.7 billion GEL, net profit 342 million GEL;
  3. Liberty bank – Assets 1.87 billion GEL, net profit 52 million GEL;
  4. VTB Bank – Assets 1.62 billion GEL, net profit 30 million GEL;
  5. Procredit Bank – Assets 1.98 billion GEL, net profit 28.5 million GEL;
  6. Basis Bank – Assets 1.41 billion GEL, net profit 35 million GEL;
  7. Cartu Bank – Assets 1.1 billion GEL, net profit 17.5 million GEL;
  8. Tera Bank – Assets 0.95 billion GEL, net profit 18 million GEL;
  9. Credo Bank – Assets 0.8 billion GEL, net profit 13.4 million GEL;
  10. Halyk Bank – Assets 0.47 billion GEL, net profit 8.7 million GEL;
  11. Finca Bank – Assets 0.31 billion GEL, net profit 2.7 million GEL;
  12. Pasha Bank Assets 0.27 billion GEL, net profit 2.6 million GEL;
  13. Ish Bank Georgia – Assets 0.26 billion GEL, net profit 1.4 million GEL;
  14. Ziraat Bank Assets 0.11 billion GEL, net profit 2.2 million GEL;
  15. Silk Road Bank – Assets 0.07 billion GEL, net loses of 3 million GEL.