Tbilisi (GBC) – Operation fort of the banking sector increased by 100 million GEL y-o-y (+27% y-o-y) amounting to 455 million GEL. Net profit shows growth in the range of 25-27%.
Credo Bank moved among the profitable banks with 4.7%-share, which net profit exceeds 18 million GEL (operational: 9,2 million GEL).
Sanctioned VTB Bank returned to the list of profitable banks, but the Russian bank has an operational loss of 1,9 million GEL.
Banks’ Rating By Net Profit
|
01.03.2023 ( GEL) |
01.03.2022 |
BOGG |
182,252,000 |
135,855,000 |
TBC |
130,108,000 |
134,251,000 |
Credo |
18.010,000 |
947,000 |
LB |
12,297,000 |
4,982,000 |
VTB |
7,938,000 |
117,174,000 |
Source: Commercial Banks