Tbilisi (GBC) - Banks' regulatory capital increased by 2.6 billion, to 16.6 billion GEL (2023 - 13.980 billion).
As of Q3.2024, the largest share is held by TBC with 6.5 billion GEL.
For more than 5 months, the sector has been meeting capital requirements at an increased rate. This spring, the National Bank of Georgia introduced a new countercyclical buffer (4X0.25% = 1%).
At this stage, banks are required to hold an excess reserve at a rate of 0.25%. In the future, microbanks will also be required to do so (MBC and Crystal are awaiting a bank license from the National Bank). A digital bank is exempt from these and other capital regulations.