Record Profits for Commercial Banks in Georgia: A Snapshot of Q1 2025

In the first quarter of 2025, Georgia’s financial sector once again demonstrated its resilience and growth potential. According to financial reporting data published by the National Bank of Georgia (NBG), the net profit of commercial banks and microbanks reached 748.283 million GEL by the end of March. Notably, in March alone, bank profits increased by 286.219 million GEL compared to February, when cumulative profits for January and February stood at 462.064 million GEL—a clear indication of the sector’s accelerating momentum.

A particularly striking point is that over 91% of the total net profit was generated by just two major commercial banks: Bank of Georgia and TBC Bank. Bank of Georgia reported a net profit of 387.780 million GEL, while TBC Bank followed with 294.371 million GEL. These figures highlight the increasing concentration within the financial market—an indicator of both sectoral stability and potential risks related to limited competition.

Other profitable banks reported significantly smaller earnings. For instance, Liberty Bank recorded a net profit of 29.791 million GEL, and BasisBank reported 23.227 million GEL. Also among the profitable group are Credo Bank, Cartu Bank, Terabank, ProCredit Bank, Halyk Bank, Isbank Georgia, Crystal Microbank, Ziraat Bank Georgia, and MBC. While these institutions trail far behind the market leaders in terms of profit, their results still indicate positive growth trajectories and suggest a transition toward stable development phases.