Total amount of Deposits for all 15 banks operating in Georgia as of August 31 2018 equals to 22 311 590 549 GEL.

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 commerci...

Total amount of Deposits for all 15 banks operating in Georgia as of July 31 2018 equals to 21 290 572 696 GEL.

According to Investment Policy of Deposit Insurance Agency and Investment Plan 2018 Agency participated in Treasury Security Auction of Ministry of Finance of Georgia on August 08, 2018 and invested 1 445 112,09 GEL in 2 years maturity Benchmark Bonds with 7,220% interest rate.

After seven months from the date the Deposit Insurance System was launched in Georgia, the Deposit Insurance Agency paid out its first insured depositor. The first insurance case took place after the National Bank of Georgia revoked the banking license from JSC “International Bank of Azerbaija...