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Georgia reveals TOP 5 banks with highest interest on loans

Finance Materials 21 October 2020 17:58 (UTC +04:00)
Georgia reveals TOP 5 banks with highest interest on loans

BAKU, Azerbaijan, October 21

By Tamilla Mammadova – Trend:

The Georgian banking system earned 1.3 billion lari ($406 million) from the interest on loans in 2Q2020, which is 122.8 million lari ($38.3 million), more than in the same period of 2019, Trend reports via the National Bank of Georgia (NBG).

In the reporting period, TBC Bank received income from the interest on loans in the amount of 595.4 million lari ($185.9 million), of which 354.5 million lari ($110.7 million) in the national currency, 240.8 million lari ($75.2) in foreign currency against 522.7 million lari ($163.2) in the same period of 2019.

In the reporting period, Bank of Georgia earned 560.1 million lari ($174.9 million) from the interest on loans, of which 342.2 million lari ($106.8) in the national currency, 217.8 million lari ($68.02 million) in foreign currency against 526.3 million lari ($164.3 million) in the same period of 2019.

In the second quarter of 2020, Liberty Bank received income from the interest on loans in the amount of 120.5 million lari ($37.6 million), of which 109.7 million lari ($34.2 million) in national currency, 10.7 million lari ($3.3 million) in foreign. In the same period of 2019, this figure made 113.2 million lari ($35.3 million).

In the reporting period, VTB Bank Georgia earned 58.1 million lari ($18.1 million) from interest on loans, of which 39.7 million lari ($12.3 million) in national currency, 18.4 million lari ($5.7 million) in foreign currency against 53.7 million lari ($16.7 million) in the same period of 2019.

Basisbank in the reporting period earned 45.9 million lari ($14.3 million) from interest on loans, of which 25.4 million lari ($7.9 million) in national currency, 20.5 million lari ($6.4 million) in foreign against 41.3 million lari ($12.8 million) in the same period of 2019.

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