Banks will not Have to Raise Capital by April

access_time2018-03-12 17:35:12

Banks will not have to raise capital by April. NBG made this decision at the first meeting  of the Financial Stability Committee. None of the 16 banks are exempt from the universal buffer.

By the end of the year, the countercyclical capital buffer (+ 2.5%) set for  the sector will be known  at the committee meeting on May 23.

The countercyclical capital buffer rate is variable and quarterly reviewed, considering various factors, including lending to GDP and its long-term trends, credit trends, retail and corporate sector stability indicators, domestic and foreign macroeconomic indicators.

At the end of the year, only 3 banks have additional liabilities of capital, + 1% for TBC and Bank of Georgia; 0.6% - Liberty Bank. This is the first phase of systemic buffer (+2.5% / + 2.5% - TBC / Bank of Georgia; 1.5% - Liberty Bank).

By this time, banks will require a 10.5 percent coefficient of capital adequacy. Sector Basel I, II, III moved to  Basel III. 

Top 5 banks in terms of equity



TBC Bank


billion ( )


Bank of Georgia




Cartu bank




Liberty Bank




ProCredit Bank



Exclusive - A List of the Companies with Suspended Construction Permit

person access_time2018-03-21 09:04:13
Commersant requested information from the Tbilisi City Hall Supervision Service about 46 suspended constructions due to various violations. According to the information we hold, violations of construction companies were related to specific reasons. The most violations are related to safety norms and permit documentation. Most of...

City Hall to Generate at Least GEL 1 Mln from Licensing Taxi Drivers

person access_time2018-03-20 14:00:55
Tbilisi City Hall works on the introduction of new regulations for taxi drivers. Parliament is currently discussing the relevant legislative package. According to the project, taxi drivers will be obliged to undergo...

Industrial Product Price Index Grew in February

person access_time2018-03-20 11:49:27
In February  2018, the Industrial Product Price Index (IPPI) grew...

New Georgian Wine Mejvriskhevi Red to be Released to the Market

person access_time2018-03-20 13:48:36
Mejvriskhevi Red is  a  new wine brand which will be released on the market in spring, in particular at the end of May. Andro Barnov, chairman of Kartli Wine Cellar  Association, told Commersant that the new...

The Net Profit in the Insurance Sector Totaled GEL 20,34 Mln in 2017

person access_time2018-03-20 12:41:35
According to the data released by the Insurance Supervision Service, the net profit of the insurance sector in 2017 amounted to GEL 20,34 million. The assets of insurance companies made GEL 580,22 million, while capital...

Similar News