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Bad Loans Account for 538.8 million GEL as of March 1

Bad Loans Account for 538.8 million GEL as of March 1

Volume of bad loans declined in the bank sector to 3.3% ratio in total loan portfolio. Nonperforming loans marked 538.8 million GEL as of March 1, 2016.

Bad loans (nonstandard, doubtful, bad) are regulated by 30%, 40% and 1000% reserve requirements.

Reserves for possible losses exceeded 1 billion GEL, including 69% of these reserves are recorded in three commercial banks. In terms of loan portfolio, the worst indicators are reported in Cartu Bank (8.6%); Bank of Georgia (7.1%) and TBC Bank (6.6%).

   Million
 1 Bank of Georgia  -379,278
 2 TBC Bank  -298,027
 3 Cartu Bank    -79,705