Banking

Banking Sector has Reserved Much more than 1 bln Because of the Problem Loans

Banking Sector has Reserved Much more than 1 bln Because of the Problem Loans June 13, 2018Leave a comment
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The share of problem loans will always be sustained for the low time the banking sector, the figure amounts to 3.8%.

The number of non-performing loans can be 733 million GEL by February 1 (01.01.17 C 661 mln; +11%m.m). The sector has reserved 1.175 billion by February 1, 2017, at that 113 million makes up about Cartu Bank, respectively the bank has the most negative coefficient.

Loans (substandard, doubtful, hopeless) of 30%, 40% and 100% are regulated by reserve requirements (reliable, watchful -2%, 10%).

    mln coefficient
1 Cartu Bank 113 12.5%
2 Liberty Bank 82 11%
3 Bank of Georgia 387 ?6.2%
4 TBC Bank 317 ?5.3%
5 Bank Republic 69 4.6%
7 ProCredit Bank 35 3.9%

Source: Commercial Banks

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