ID 404534170 · FY 2017–2024 · 8 years
100% subsidiary of Turkey's Ziraat Bankasi, established in Georgia in 2017. Provides universal retail, SME and corporate banking; ranked the 13th-largest bank in Georgia in 2024 with a roughly 0.26% market share.
curated 2026-06-03ziraatbank.gethebanks.eu
| Line item | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Net interest income | 3,350 | 4,434 | 6,441 | 6,814 | 8,811 | 11,537 | 13,628 | 14,117 | +22.8% |
| Net fee and commission income | 581 | 491 | 980 | 676 | 195 | 136 | 192 | 347 | -7.1% |
| Net foreign currency gain / (loss) | 0 | 1,418 | 1,521 | 1,332 | 1,507 | 2,364 | 1,696 | 1,783 | +3.9% |
| Operating income | 3,931 | 6,343 | 8,942 | 8,822 | 10,513 | 14,037 | 15,516 | 16,247 | +22.5% |
| Operating expenses | -1,285 | -3,425 | -4,354 | -5,307 | -5,928 | -6,391 | -7,276 | -8,108 | +30.1% |
| Operating income before cost of risk | 2,646 | 2,918 | 4,588 | 3,515 | 4,585 | 7,646 | 8,240 | 8,139 | +17.4% |
| Cost of risk | 0 | 0 | 0 | -516 | -540 | -926 | 550 | -2,446 | +47.6% |
| Profit before income tax | 1,541 | 3,144 | 4,590 | 2,999 | 4,046 | 6,720 | 8,790 | 5,693 | +20.5% |
| Income tax expense | -62 | -157 | -375 | -224 | -424 | -929 | -1,261 | -989 | +48.5% |
| Profit | 1,479 | 2,987 | 4,215 | 2,775 | 3,622 | 5,791 | 7,529 | 4,704 | +18.0% |
| Net profit margin | 37.6% | 47.1% | 47.1% | 31.5% | 34.4% | 41.3% | 48.5% | 29.0% |
Ownership & directors from companyinfo.ge (public corporate registry).