Page 36 - GEORptAug20
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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
8.1.2 Loans
Georgian banks agree to extend loan repayment moratorium for debtors troubled amid pandemic
Georgians who have lost their jobs or have suffered reduced incomes amid the coronavirus (COVID-19) pandemic are to have their bank loans repayments deferred for another three months, Prime Minister Giorgi Gakharia announced on May 21 after talks with the banks.
He stressed that interest accumulated over the moratorium period would not be capitalised.
"As a result of cooperation between the Government of Georgia, the National Bank of Georgia [central bank] and the banking sector, we made a joint decision at the very first stage of the crisis to offer a three-month grace period
36 GEORGIA Country Report August 2020 www.intellinews.com
