Tbilisi (GBC) - Banks' charted capital has increased by 20% annually to 9.25 billion GEL (l/y – GEL 7.7 billion).
The shareholder of Bank Cartu is the charity fund is Cartu and, accordingly, its founding family. The chartered capital of Bank Cartu is up to 300 million GEL, and the return exceeds 25%. To calculate the profitability, we are guided by the net profit and the average capital, note that the table is an annualized figure, that is, there will be a small error.
For every 1 million capital, the bank's profit is 250,000 GEL.
The ROE (annualized) of the entire sector has decreased to 24.7% compared to the previous year (01.01.2022 - 30.7%).
Banks with capital and profitability on capital (01.05.2022)
|
000 GEL |
ROE |
TBC Bank |
3,587,892 |
26.60% |
Bank of Georgia |
3,206,236 |
32.81% |
Liberty Bank |
405,353 |
18.30% |
Basis Bank |
377,410 |
16.57% |
ProCredit Bank |
283,484 |
17.82% |
Bank Cartu |
246,125 |
25.35% |
Source: Commercial Banks