Rating of banks of Georgia revealed

BAKU, Azerbaijan, Feb. 6

By Tamilla Mammadova – Trend:

Of the 15 banks existing in Georgia, TBC Bank ranked first again with assets worth 18 billion lari ($6.3 billion) in 2019, Trend reports citing the National Bank of Georgia.

Reportedly, TBC Bank was also in first place in terms of net profit, which in 2019 amounted to 392 million lari ($137.6 million).

Bank of Georgia ranked second in the rating of the National Bank. The value of its assets in 2019 amounted to 17 billion lari ($5.9 billion), and net profit – to 390.4 million lari ($119.5 million).

In terms of assets, Liberty Bank was in third place, the value of its assets in 2019 amounted to 2.1 billion lari ($737.4 million).

In terms of net profit, Credo Bank took third place in the National Bank rating with net profit of 27.7 million lari ($9.7 million).

Of the 15 banks, only two banks suffered financial losses - Silk Road Bank with loss of 210,000 lari ($73,743) and PASHA BANK Georgia with loss of 8 million lari ($2.8 million).

Cartu Bank's profit in 2019 amounted to 22 million lari ($7.7 million).

Below is a rating of commercial banks in accordance with their net profit:

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