Tbilisi (GBC) - In September, banks received 91 million GEL of income from the purchase and sale of currency, more than received in other months of 2021 (except for June-July, which was the most abundant 92 and with a profit of 98 million GEL).

If we add the profit of 12 million received from the revaluation of foreign exchange funds**, it is Gel 100 million.

In total, in 9 months, the sector has earned 606 million GEL (source: NBG)

** "Net gain/loss from revaluation of foreign exchange funds" is calculated as the revaluation of foreign currency assets due to the change in the exchange rate of GEL in the current month, minus the revaluation of foreign currency liabilities.

Banks with profit and loss from the purchase and sale of currency

 

01.10.2022

01.10.2021

GEL

 GEL

TBC Bank

234,367

 55 466 700

Bank of Georgia

293,254

 86 064 800

Liberty Bank

26,423

 - 5 030 000

ProCredit Bank

21,644

   7 745 700

Basis Bank

14.946

  

Tera Bank

13,658

  

Credo Banks

-1,263

 

Source: NBG