In the first five months of 2025, Georgia’s banking sector recorded a net profit of GEL 1.27 billion, according to recent data published by the National Bank of Georgia (NBG). Out of 19 commercial and micro banks operating during this period, 14 were profitable, while 5 reported losses.

Market Leaders Dominate Sector Profits
The majority of the sector’s profit—over 90%—was generated by two leading banks: Bank of Georgia and TBC Bank. Combined, their profits exceeded GEL 1.1 billion, with Bank of Georgia leading at GEL 655.8 million and TBC following with GEL 485.7 million. Liberty Bank ranked third with a profit of GEL 51.5 million.

Breakdown of Net Profits by Institution (January–May 2025):

• Bank of Georgia – GEL 655.849 million

• TBC Bank – GEL 485.715 million

• Liberty Bank – GEL 51.493 million

• Basisbank – GEL 40.267 million

• Credo Bank – GEL 31.633 million

• Cartu Bank – GEL 18.208 million

• ProCredit Bank – GEL 12.623 million

• Terabank – GEL 10.949 million

• Halyk Bank – GEL 6.789 million

• Microbank Crystal – GEL 6.240 million

• Ish Bank – GEL 6.057 million

• Ziraat Bank – GEL 2.201 million

• Microbank MBC – GEL 1.013 million

• Pashabank – GEL 0.119 million

Banks Reporting Losses:

• VTB Bank – GEL -43.215 million

• Silk Bank – GEL -8.907 million

• Hashbank – GEL -3.735 million

• Paysera – GEL -0.362 million

• Pavebank – GEL -0.072 million

Context and Comparison to Previous Year
The steepest loss was recorded by VTB Bank, which continues to face restrictions due to international sanctions imposed in February 2022.

By comparison, in the same period of 2024, there were 17 active banks, of which 13 were profitable. That year, the sector closed with a net profit of GEL 3.1 billion—up 14% (GEL 380 million) from 2023.

This year’s performance signals a continuation of strong profitability for the sector, though still concentrated heavily among the top two market players.