JULY 21 2021 (The Bulletin) — Georgia’s banks registered a record total profit in June, the Central Bank reported, more evidence that the country is recovering quickly from the impact of the pandemic. The Central Bank said that banks’ profit in June totalled 295m lari ($92m). Georgia’s banking system is considered robust. Since the pandemic has subsided, requests for loans have boomed.

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— This story was published in issue 493 of the Central Asia & South Caucasus Bulletin, on July 22 2021

— Copyright the Central Asia & South Caucasus Bulletin 2021

JULY 16 2021 (The Bulletin) — In an indication of its robust health and quick recovery from the pandemic, London-listed Georgian bank TBC said that it was voluntarily reinstating the Georgian Central Bank’s buffer rules. This buffer, the minimum proportion of assets that banks were expected to hold, was ditched last year to allow banks more flexibility to deal with the pandemic. TBC Bank said that its current capital ratio was 13.04%.

ENDS

— This story was published in issue 493 of the Central Asia & South Caucasus Bulletin, on July 22 2021

— Copyright the Central Asia & South Caucasus Bulletin 2021