The National Bank of Georgia has published the 2025 financial statements of the resolution fund, marking the first time it has prepared and disclosed standalone financial information for the fund separate from the central bank’s own financial statements. The fund is part of Georgia’s bank recovery and resolution framework and is intended to provide financing for bank resolution when the legal conditions are met, reducing systemic risk and limiting reliance on taxpayer resources. Created in 2020, the resolution fund operated only as an ex-post mechanism until December 2023, when legislative changes paved the way for ex-ante contributions by commercial banks from 2025. The fund’s target level is 3% of total insured deposits, to be reached over eight years by 2033. Annual contributions from commercial banks are set using year-end data, taking into account each bank’s share of assets and individual risk profile. The fund is held as a current account at the National Bank of Georgia and is not a separate legal entity. The central bank administers the fund, while the Deposit Insurance Agency invests its resources under Georgian law and an agreement between the two bodies, following safety and liquidity principles.
National Bank of Georgia2026-06-30
National Bank of Georgia publishes first standalone 2025 resolution fund financial statements as ex ante bank contributions begin
The National Bank of Georgia has issued the first standalone financial statements for the resolution fund for 2025. The disclosure comes as commercial banks begin making ex-ante contributions to the fund from 2025, following legislative changes made in December 2023. The fund is targeting 3% of insured deposits by 2033.