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Economy

Georgia’s 19 banks earned 2.56 billion lari in 8 months, 20% more than a year earlier, with Bank of Georgia and TBC holding 87% of the profit and 75% of the assets

The National Bank of Georgia’s figures for January to August 2026, as Business Media Georgia tabulated them on Thursday, give the sector a net profit of 2,564.6 million lari, up 20% on the same months of 2025, on assets of 115.2 billion lari. Bank of Georgia earned 1,291 million and TBC 936.8 million, together 87% of the total, and the two hold 75% of the assets; 15 banks were profitable and 4 lost money, Silk Bank most, at 18.26 million lari.

By CAW Staff25 September 2026
Bar chart of Georgian banks' January to August 2026 net profit in million lari, Bank of Georgia 1,291 and TBC 936.8 in amber far ahead of 13 smaller profitable banks in slate and 4 loss-making banks below zero.

Behind the two leaders the table thins fast: BasisBank at 97.19 million lari, Liberty 80.44 million, Credo 57.57 million, ProCredit 25.72 million, Qartu 24.86 million, Terra Bank 21.21 million, Halyk Bank 16.73 million, Isbank 10.02 million, Microbank Kristali 10 million, PayBank 8.59 million, Ziraat Bank 6.38 million, PashaBank 5.83 million and Microbank Embisi 2.21 million. The third bank earns a thirteenth of the first.

The four in the red are Silk Bank at minus 18.26 million lari, HashBank minus 7.67 million, VTB Bank minus 2.65 million and Paysera minus 1.60 million, together 30.2 million lari of losses against 2,594.7 million of profit at the 15 others. At the lari’s rate of 2.6229 to the dollar on 24 September the sector’s 8-month profit is about $978 million.

The third bank earns a thirteenth of the first.

Concentration is the sector’s structure: two banks with 75% of 115.2 billion lari of assets and 87% of the profit, a middle of 13 banks sharing 367 million lari, and 4 small ones losing 30 million between them. Nineteen licences, two balance sheets that set the total.

The ADB’s growth forecast for Georgia this year is 6.3%; the banks’ profit growth is 20%, three times the economy’s pace, on a balance sheet that has reached 115.2 billion lari.

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