BAKU, Azerbaijan, Feb.5
By Tamilla Mammadova – Trend:
The National Bank of Georgia (NBG) has published the financial indicators of commercial banks for the 4th quarter of 2020, Trend reports via the NBG.
The report says that compared with the 3rd quarter of last year, more banks made a profit.
In the 4th quarter of 2020, two large banks made a profit - TBC Bank and Bank of Georgia. In particular, TBC bank’s profit in the reporting period reached 123.18 million lari ($37.2 million); pre-provision net profit - 624.48 million lari ($189.03 million). Bank of Georgia earned 57.10 million lari ($17.2 million) in the 4th quarter, pre-provision net profit amounted to 528.10 million lari ($159.8 million).
The financial performance of other banks looks like this:
Basisbank - 5.97 million lari ($1.8 million);
Silk Road Bank - 1.18 million lari ($357,189);
Credo Bank - 13.95 million lari ($4.2 million);
Cartu Bank - 24.75 million lari ($7.4 million);
FINCA Bank Georgia - 2.88 million lari ($871,785);
Halik Bank - 12.89 million lari ($3.9 million);
Ishbank Georgia - 2.79 million lari ($844,542);
Terra Bank – 13.83 million lari ($4.1 million);
Liberty Bank - 15.17 million lari ($4.5 million);
Pasha Bank Georgia - 23.19 million lari ($7.01 million);
ProCredit Bank - 3.53 million lari ($1.06 million);
VTB Bank - 14.77 million lari ($4.4 million);
Ziraat Bank Georgia - 1.40 million lari ($423,784).
Thus, 7 banks - Bank of Georgia, TBC, Basisbank, Credo Bank, Ishbank Georgia, ProCredit Bank, and Ziraat Bank Georgia -made a profit in the 4th quarter.
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