Page 38 - GEORptFeb21

As for the banks’ operations, their interest income increased by 9.16% y/y to GEL4bn in January-October. More specifically, the income from loans to individuals was GEL1.66bn, up 3% y/y, and the income from loans to legal entities increased by 21% y/y to GEL1.16bn.
Non-interest income amounted to GEL734mn, a figure unchanged on an annual basis. This subgroup includes banks' income such as commissions, fines and other items. Revenue from commissions in the first 10 months was GEL263mn, 12% less than in the previous year, while revenue from fines and penalties dropped by 45% to GEL39.9mn.
As for total expenditures, it amounted to GEL4.1bn, 41% up year on year. In addition, the banks also faced increased interest costs. In particular, the interest paid on deposits increased by GEL214mn to GEL918mn, while the interest rate on other borrowed funds attracted by the banks increased by 33% to GEL632mn.
GEORGIA'S BANKING SYSTEM Q1 2020
GEL
Assets
Profit Before Reserves
% of Assets
Loss
TBC Bank
19,269,563,370
149,926,973
0.78%
277,427,742
Bank of Georgia
17,986,070,485
135,655,544
0.75%
276,415,438
Liberty Bank
2,085,618,162
10,183,925
0.49
18,648,614
Basisbank
1,762,251,881
7,374,158
0.42%
22,436,023
VTB Bank
1,755,407,172
11,691,532
0.67%
30,498,283
ProCredit Bank
1,592,197,551
12,512,088
0.79%
16,789,911
Cartu Bank
1,378,972,982
6,583,517
0.48%
39,999,177
Terrabank
1,080,024,740
8,864,797
0.82%
18,662,783
Credo Bank
1,078,600,731
4,698,791
0.44%
6,835,671
Khalik Bank
542,846,469
3,112,693
0.57%
21,835,083
Pasha Bank Georgia
502,656,394
-1,925,157
-0.38%
12,367,423
Ish Bank
313,391,261
2,967,116
0.95%
2,595,340
Finca Bank
281,895,594
1,930,353
0.68%
822,610
Ziraat Bank Georgia
122,793,657
1,081,151
0.88%
1,109,337
Silk Road Bank
89,301,852
344,652
0.39%
630,050
AGGREGATE
49,841,592,301
355,002,133
0.71%
747,073,485
Source: NBG, BNE Intellinews
38​ GEORGIA Country Report​ February 2021 ​ ​www.intellinews.com