Tbilisi (GBC) - TBC Bank ended 10 months with a profit of 841.7 million GEL (10m/2021 - 787.4 million; +7.4 (Y.Y)
System Bank is number one among profitable banks (11) with a 46.7% share., which supervisory capital amounts to 4.436 billion (10m/2021 - 3.759 billion), it occupies a leading position in the market.
From next year, the NBG will enter with several more buffers, with an updated countercyclical one, which should adjust the growth rate of lending to a moderate level. Systematicity buffer has also been revised, therefore 2.5% more capital than TBC, non-systematic bank and 1.5% more than systematic Liberty Bank is required.
The ratio will further increase once its market share in terms of deposits exceeds 40%. At the moment (as of 01.11.2022), with non-bank deposits, it is 39.5%. including 41.1% with deposits of legal entities.
01.11.2022 |
H1/2022 |
|
Assets |
25,631,322,000 |
24,787,608,000 |
Chartered Capital |
3,529,610,000 |
3,373,125,000 |
Share By Assets |
38.15% |
38,6% |
Share By Porfit |
42.6% |
51.5% |
Share By Chartered Capital |
39.8% |
40.6% |
Share By Credit Lending |
38.7% |
|
Source: Commercial Banks