Net Profits of Commercial Banks Totaled 119.1 million GEL in December

Net profits of the Georgian banking sector made up 119.1 million GEL in December 2018, down 22% compared to December 2017.

According to the National Bank of Georgia (NBG), the sector’s net profits in December 2017 was 152.56 million GEL. Untaxed profits in December 2018 constituted 136.495 million GEL.

A total of 15 commercial banks operated in Georgia in 2018, 16 ones in December 2017.

Revenues of commercial banks in December 2018 made up 392.443 million GEL and expenditures amounted to 255.949 million GEL. As to December 2017, commercial banks received 403.272 million GEL revenues and their expenditures constituted 228.03 million GEL.

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Net Profits of Commercial Banks Totaled 119.1 million GEL in December

Net profits of the Georgian banking sector made up 119.1 million GEL in December 2018, down 22% compared to December 2017.

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02

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Net Profits of Commercial Banks Totaled 119.1 million GEL in December

Net profits of the Georgian banking sector made up 119.1 million GEL in December 2018, down 22% compared to December 2017.

Last 7 Days Hot Topic

The restaurant "Drzlebi" Located in Terjola, will Reopen in May 01

With the support of the International Visegrad Fund (IVF), a meeting was held in the city of Zugdidi within the framework of the ongoing project at the Energy Training Center of GNERC 02

Hereti Global Starts Exporting Wine to the United States 03

The EU Urges Georgia to Refrain from Adopting Legislation that can Compromise Georgia’s EU Path 04

Beer Production Hits Record High in Georgia 05

Startup Georgia Resumes Funding for Innovation-Driving Projects 06

The restaurant "Drzlebi" Located in Terjola, will Reopen in May
01

With the support of the International Visegrad Fund (IVF), a meeting was held in the city of Zugdidi within the framework of the ongoing project at the Energy Training Center of GNERC
02

Hereti Global Starts Exporting Wine to the United States
03

The EU Urges Georgia to Refrain from Adopting Legislation that can Compromise Georgia’s EU Path
04

Beer Production Hits Record High in Georgia
05

Startup Georgia Resumes Funding for Innovation-Driving Projects
06