According to the Law of Georgia on “Deposit Insurance System” and “Instruction for Calculation of Base for Regular Insurance Premiums Payable by the Commercial Banks and Procedures for Payment of Regular Insurance Premiums” total amount of regular premiums for all 15 commercial banks operating in Georgia equaled to 1,559,925.41 GEL as of May 2020.
The premium by the banks was paid in June 2020.
