Posted: 1 year ago

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).