Regulatory Alerts2020-12-31 | 328 - 246/04Approval of Criteria for Collection and Procedure for Contributions for Repayment of Temporary State Funding
The National Bank of Georgia and the Ministry of Finance issued a joint decree establishing the criteria and procedures for commercial banks to repay funds allocated under temporary state funding. Contributions are calculated based on a proportionality criterion adjusted by an objectivity criterion that assesses each bank's risk profile across capital, liquidity, asset quality, and profitability. The National Bank determines final contribution amounts and may defer payments if immediate collection jeopardizes a bank's solvency or liquidity, subject to consultation with the Ministry of Finance.
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