Regulatory Alerts2018-07-05 | 143/04Regulation on Supervision and Regulation of Microfinance Organization Activities
The National Bank of Georgia issued this regulation to establish comprehensive prudential standards and supervisory frameworks for microfinance organizations operating in Georgia. The rule mandates a minimum regulatory capital of one million GEL, enforces strict capital adequacy and liquidity ratios ranging from 18% to 25%, and caps single-borrower lending exposure at 100,000 GEL while restricting insider credit and property investments. It further requires transparent financial reporting, outlines procedures for handling counterfeit currency, and provides phased transitional deadlines for existing institutions to achieve full compliance by June 2019.
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