Tbilisi (GBC) - The banking sector's personnel maintenance costs have increased by 15.8% year-over-year (Y.Y).

The sector's staff maintenance cost in 2024 amounted to 1.294 billion GEL (2023 - 1.117 billion).

This expense falls under the banks' non-interest expenses, which includes staff compensation along with inventory and operational costs, and amounts to 2.237 billion GEL as of 01.01.2025. The banking sector's staff cost (personnel expenses/income) is 22%.

Banks with non-interest income (commissions, currency exchange)

000 GEL) 01.01.2025

1

Bank of Georgia

748 920

2

TBC bank

663 350

3

Credo bank

  43 562

4

Liberty Bank

  34 885

5

Basis Bank

  34 517

6

ProCredit bank

  20 375

7

Terabank

  16 044

Source: NBG and Commercial Banks