Tbilisi (GBC) – Only one bank remained on the market with a negative rate of ROE and ROE out of 14 banks operating on the market. Azerbaijan Pasha Bank cannot yet return its investment made in the Re / Bank (Pasha is represented on the market by 2 brands).

The bank has a capital loss of -8.4% (2020 - -27%), which means that the bank's shareholder / investor will lose GEL 8 for a capital of GEL 100. Return on Assets (ROA) is -1.4% (2020 - - 4.8%).

In the spring of 2020, the bank created a reserve of up to 20 million for a portfolio of GEL 317 million (the NBG imposed a reserve buffer on the sector for possible loan losses amid the pandemic). As of Janaury1, it has not been fully recovered yet.

The bank has reserved GEL 20.6 million for a portfolio of GEL 307 million. The Bank has increased the cost of staff, which incurs interest-free expenses, which, in addition to staff remuneration, collects inventory and operating expenses and exceeds GEL 28.4 million, which is 5 million more than the Bank's income. (Source: Businesspartner)

01.01.2022 (GEL/%)

Source: Commercial Banks and the NBG

** Interest-free expense / income

  * Interest / income paid on deposits