Silk Bank Ended 11 Months with a Loss of Up to 3 Million

Silk Bank again reduced the dollarization of deposits to 44%. As you know, with the reserve requirement implemented last year, the bank, with high larization of deposits (>60%) on loans raised in foreign currency, enjoys a reduced rate from 25% to 10%.

The bank, which ranks last with assets (₾ 88.8 million), has a low loan portfolio dollarization ratio (31%). Accordingly, the CICR (unhedged foreign exchange credit risk buffer) will also be eased.

When dollarizing up to 40%, the risk weight is equal to 40% (for every additional 1%, banks are required to have 3% more capital).

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Economy

Silk Bank Ended 11 Months with a Loss of Up to 3 Million

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Silk Bank Ended 11 Months with a Loss of Up to 3 Million

Last 7 Days Hot Topic

With the support of the International Visegrad Fund (IVF), a meeting was held in the city of Zugdidi within the framework of the ongoing project at the Energy Training Center of GNERC 01

The EU Urges Georgia to Refrain from Adopting Legislation that can Compromise Georgia’s EU Path 02

Georgia-Korea Investment Promotion and Protection Talks Advance in Seoul 03

Georgia Sees Surge in Electric Vehicle Registrations 04

Japanese Cafe Fumfula Expands in Tbilisi Amid Rising Popularity of Asian Cuisine 05

Georgian Parliament Passes Draft Law on Transparency of Foreign Influence in First Reading 06

With the support of the International Visegrad Fund (IVF), a meeting was held in the city of Zugdidi within the framework of the ongoing project at the Energy Training Center of GNERC
01

The EU Urges Georgia to Refrain from Adopting Legislation that can Compromise Georgia’s EU Path
02

Georgia-Korea Investment Promotion and Protection Talks Advance in Seoul
03

Georgia Sees Surge in Electric Vehicle Registrations
04

Japanese Cafe Fumfula Expands in Tbilisi Amid Rising Popularity of Asian Cuisine
05

Georgian Parliament Passes Draft Law on Transparency of Foreign Influence in First Reading
06