Banking Sector’s Profits Shrink by 10.6mln GEL

The Georgian banking sector’s profits in October exceeded 37mln GEL, down 10.6mln GEL year on year (-22% year on year).

Only one commercial bank of 16 ones has finished the month with losses: Silk Road Bank (0.630mln GEL). The 10-month statistics is almost the same. Every year, even as of November 1, 2015, one commercial bank had losses – Capital Bank (-2.4mln GEL).