Total Bank Expenses (Local Currency) rose 14.4% yoy to GEL 176 mil in Georgia in September 2021

Total bank expenses rose 14.4% yoy to GEL 176 mil in Georgia in September 2021, according to the National Central Bank. This is 4.73% more than in the previous month.

Historically, total bank expenses in Georgia reached an all time high of GEL 176 mil in December 2020 and an all time low of GEL 45.3 mil in January 2011.

Georgia has been ranked 6th within the group of 6 countries we follow in terms of total bank expenses, 2 places above the position seen 10 years ago.