Regulatory Alerts2011-02-11 | 10/04Regulation on Minimum Reserve Requirements for Commercial Banks
The National Bank of Georgia requires licensed commercial banks and foreign bank branches to maintain minimum reserve requirements to support monetary policy and operations. Banks must calculate these reserves based on average attracted funds, applying a 5% ratio to national currency liabilities and a 30% ratio to foreign currency liabilities, with specific exclusions and a standardized two-week calculation and maintenance cycle. Funds must be held in designated NBG accounts throughout the maintenance period, with interest paid on qualifying balances, while mandatory electronic reporting governs compliance and temporary relief may be granted during liquidity stress.
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