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