During the first 11 months of 2024, commercial banks operating in the region collectively achieved a net profit of 2.85 billion GEL, representing an increase of 321 million GEL (12.7%) compared to the same period in 2023.

According to financial data submitted to the National Bank, Bank of Georgia ranked first in terms of net profit, generating 1.4 billion GEL during the reporting period. TBC Bank secured the second position with a net profit of 1.08 billion GEL, while Liberty Bank ranked third with a profit of 102 million GEL.

Profit Distribution Among Banks
The financial performance of individual banks as of 11M2024 is summarized below:

1. Bank of Georgia: 1,399 million GEL
2. TBC Bank: 1,079 million GEL
3. Liberty Bank: 102 million GEL
4. Basisbank: 72 million GEL
5. Credo Bank: 58 million GEL
6. Cartu Bank: 42 million GEL
7. ProCredit Bank: 30 million GEL
8. Terbank: 29 million GEL
9. Halyk Bank: 18 million GEL
10. Isbank: 13 million GEL
11. VTB Bank: 11 million GEL
12. Pashabank: 8 million GEL
13. Ziraat Bank: 5 million GEL

Banks Reporting Losses
Notably, four commercial banks reported losses instead of profits during this period:

• Silk Bank: (-11 million GEL)
• Hash Bank: (-4 million GEL)
• Paysera: (-1 million GEL)
• Pavebank: (-1 million GEL)

This data underscores the dominance of major players such as Bank of Georgia and TBC Bank in the region's banking sector while highlighting financial challenges faced by smaller institutions.