Tbilisi (GBC) – The banking sector is set to close the year with a net profit exceeding GEL 3.5 billion.

The cumulative profit of 15 profitable banks over the first 11 months of 2025 reached approximately GEL 3.6 billion, up from GEL 2.87 billion during the same period last year. Unlike last year, when VTB Bank’s subsidiary was included among the top 11 profitable banks with a profit exceeding GEL 11 million, it reported a loss of GEL 54.5 million for the first 11 months of 2025.

Other banks reporting losses include Silk Bank, and digital banks Paysera and Hash bank.

Among the profitable banks, Microbank Crystal (formerly MFO) secured a position in the top 10 in its first year of operating in the banking sector.

The ranking of the top 10 profitable banks plus one is as follows: 

 

000 GEL

  000 GEL


Bank of Georgia

1 497 419

1 399 408

TBC Bank

1 112 992

1 078 546

Liberty Bank

114 866

102 129

Basis Bank

100 332

71 743

Credo

81 318

58 226

Cartu

39 760

42 290

ProCredit bank

27 609

30 191

Terabank

27 457

29 473

Halyk Bank

22 732

18 315

Crystal

18 940

 

Isbank

17 190

12 747

Source: Commercial Banks & NBG

 

 

                                                      11m/2025             11m/2024