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Changes to the Order of the National Bank of Georgia

5af2acaa79f68
BM.GE
09.05.18 11:57
764
As of 7 May 2018, commercial banks may not provide loans to customers without the full analysis of their creditworthiness. According to the new regulation: • The total sum of loans provided without the full analysis of the creditworthiness (except for those secured by precious stones and metals or immovable properties, within the limits of the secured sum) may not exceed 25% of the supervisory capital of a bank; • The total sum of loans secured by immovable properties that are provided without the full analysis of the creditworthiness may not exceed 15% of the supervisory capital of a bank; • The following is not taken into account during calculation of the limits: loans secured by deposits that are lodged in the same bank (within the limits of the secured sum) if the currency of the loan and the deposit is the same, the term of the loan does not exceed the term of the deposit and the deposit is unconditionally enforceable in favour of the bank.

Source: Deloitte