Banking

Minimum Capital Requirement is Increased nearly 50 mln to your Banks

Minimum Capital Requirement is Increased nearly 50 mln to your Banks June 17, 2018Leave a comment
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Koba Gvenetadze

Mandatory t least capital requirement is increased for your commercial banks.

According to Koba Gvenetadze, president of National Bank of Georgia, capital requirements were not changed with the commercial banks after 2006 and already the rise is conditioned due to? the typical practice, but it surely doesn\’t imply that any financial risk are balanced, today all banks perform the established norms.

\”Today, the index is lowest in Georgia and this is an illustration that financially strong institutions are able to are employed in the country\”, – president of NBG declared.

According to him, capital growth are going to be made gradually and capital minimum per bank are going to be 50 million GEL by late 2018. To make note of, three banks out from 16, operating available, must grow money by that time.

\”This will probably be guarantee of fanatical stability\”, – Mercedes Vera Martin, head of IMF Mission so estimates initiative of NBG\’s president.

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