Tbilisi (GBC) - Banking sector commission income increased, January-February income amounted to 106 million GEL.

Out of 19 banks operating in the market (including digital and microbanks), 14 received less than 1 million GEL from services.

The sector had a higher figure in the same period last year - 108 million (-2%Y.Y).

Systemic banks (BOGG, TBC, LB) have reduced commission income, as well as Basisbank. Out of TOP-5 profitable banks, only Credo income increased.

The bank receives commission from various services, including loan, account services, as well as foreign exchange operations.

With the latest changes, the National Bank of Georgia tightened the regulation and reduced the 2% marginal rate on refinancing to 0.5%.

Banks with net commission income

 

 01.03.2025  

 01.03.2024 

Bank of Georgia

54,8

55,2

TBC Bank

35,2

37,8

Credo

6,3

 5,96

Liberty bank

4, 06

 4,3

Basis Bank

2,98

 1,3

 

MLN GEL

MLN GEL

 

Source:      NBG