BAKU, Azerbaijan, August 23
Tamilla Mammadova – Trend:
The net profit of the Georgian banks decreased by 116.6 million ($37.3 million) in July 2021 compared to June 2021 and amounted to 177.9 million ($), Trend reports via the National Bank of Georgia (NBG).
According to the NBG, in June bank profits stood at 294 million lari ($56.9 million) and in 7 months of 2021, the profit of the banking system amounted to 1.2 billion lari ($384.3 million).
By months bank profits are as follows: in January - 113.3 million lari ($36.2 million), in February - 132.1 million lari ($42.3 million), in March - 166.3 million lari ($53.2 million), in April- 173 million lari ($55.4 million), in May - 180.1 million lari ($57.6 million), in June - 294.6 million lari ($94.6 million), in July – 177.9 million lari ($56.9 million).
NBG statistics say that in July 2021, the Georgian banks earned 520.2 million lari ($166.6 million), of which interest accounted for 396.5 million lari ($126.9 million). Total expenses amounted to 320.1 million lari ($102.5 million).
Georgian banks earned 6.2 billion lari ($1.9 billion) from fines, 21.3 million lari ($6.8 million) from currency conversion, 47 million lari ($15.05 million)– from commissions.
In 2020, the net profit of the Georgian banks amounted to 99.2 million lari ($31.7 million) that is the lowest figure recorded in recent years due to the pandemic. The quarantine was especially difficult for banks and in March the banks suffered a loss of 943.1 million lari ($302 million).
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