Tbilisi (GBC) - Inflation prevention the NBG regulations have hit banks so hard that the profit of the sector is no longer growing. The annual growth is 0.7%.

Last year, over 10 months, 1 bank had at a loss. Sanctioned VTB was positioned among TOP-4 profitable banks. As of November 1, this year, the loss of the subsidiary of the Russian bank exceeds 70 million GEL.

As of November 1 (01.11.2022), 11 banks have a profit, with a total volume of GEL 1.85 billion and 93.9% is the share of 5 banks.

Profitable Banks 



Loans (GEL)

Share %

Bank of Georgia

7.37 bln



TBC Bank

6.8   bln





Liberty Bank

1.2   bln



Basis Bank

0.76 bln



Credo Bank

1.1   bln



 Source: NBG  (Q3/2022)