BAKU, Azerbaijan, August 6
By Tamilla Mammadova – Trend:
The National Bank of Georgia (NBG) has published the financial indicators of commercial banks for the second quarter of 2020, Trend reports via the NBG.
According to the report, the banking sector, which was considered a profitable sector, suffered a loss in 2Q2020 as well as in the 1Q2020 due to the COVID-19 outbreak.
According to reports, two large banks - TBC Bank and Bank of Georgia – saw losses in the second quarter of 2020. In particular, the loss of TBC amounted to 156.41 million lari ($51.04 million), while net profit before provisioning amounted to 292.05 million lari ($95.3 million). Bank of Georgia had a loss of 157.16 million lari ($51.2 million) in the second quarter; its earnings before provisioning amounted to 231.70 million lari ($75.6 million).
The financial performance of other banks is as follows:
|
Bank |
Amount in lari |
Amount in USD |
|
Basisbank |
12.88 million lari |
$4.2 million |
|
Silk Road Bank |
253,512 lari |
$82,741 |
|
Credo Bank |
4.72 million lari |
$1.5 million |
|
Cartu Bank |
26.93 million lari |
$8.7 million |
|
FINCA Bank Georgia |
3.34 million lari |
$1.09 million |
|
Halyk Bank |
19.17 million lari |
$6.2 million |
|
Isbank Georgia |
1.71 million lari |
$558,112 |
|
Terra Bank |
19.55 million lari |
$6.3 million |
|
Liberty Bank |
20.35 million lari |
$6.6 million |
|
Pasha Bank Georgia |
16.66 million lari |
$5.4 million |
|
ProCredit Bank |
11.63 million lari |
$3.7 million |
|
VTB Bank |
26.09 million lari |
$8.5 million |
|
Ziraat Bank Georgia |
211,721 lari |
$69,101 |
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