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%).
|1||Bank of Georgia||-379,278|