Tbilisi (GBC) – The NBG will maintain the surplus capital requirement even from 2023, even after the transition to IFRS (International Reporting System).
Supervisory capital of the banking sector as of 01.01.2023 is 11.357 billion GEL (01.01.2022 – GEL 10,160 billion).
Since January, the CRA buffer has been introduced, which will not reduce banks' capital for supervisory norms.
If, by switching to standard IFRS, banks' supervisory capital would be reduced and more would be left for disposal (it would be spent for various purposes, including dividends...) CRA would adjust and keep the capital requirement at the same limit as it is now, with the NBG supervisory framework (GaaP). This will keep the supervisor conservative.
In addition, additional capital is required for 3 banks (BOGG; TBC, LB) +2.5%; +2.5%; +1% (with system buffer).
Commercial Banks With Large Capital
|
2022 ₾ |
2021 ₾ |
TBC |
4,442,849,000 |
4 102 927 000 |
BOGG |
4,058,527,000 |
3 475 800 000 |
BB |
437,843,000 |
306 539 000 |
LB |
397,151,000 |
342 241 000 |
Cartu |
352,968,000 |
322 398 000 |
Procredit |
305,592,000 |
281 649 000 |