Tbilisi (GBC) - The supervisory capital of the banking sector amounted to 16.05 billion GEL (Q1/2024 – GEL 14.02 billion).
As of 01.06.2024, TBC holds the most supervisory capital of 6.3 billion GEL.
Since March, the NBG has launched a new countercyclical buffer. Banks are required to have an excess reserve at the rate of 0.25%. In the future, also the microbank (MBC and Crystal are going to transform into a bank).
Digital banks are exempt from these and other capital regulations.
The 0.25% is the first phase of the 1% capital requirement spread over 4 years and effective until March 15, 2025.
Then it will be doubled and the 0.5% rate will apply until 2026. It will equal the full 1% on March 15, 2027 (other things being equal, if nothing else has changed).
|
01.06.2024 |
Q1/2024 |
BOGG |
5 987 300 |
5 095 452 |
TBC |
6 344 700 |
5 290 327 |
BB |
635 500 |
616 792 |
LB |
519 400 |
496 581 |
Cartu |
487 250 |
477 577 |
credo |
387 400 |
386 388 |
|
000 GEL |
000 GEL |
Source: Commercial Banks