The National Bank of Georgia (NBG) has amended its regulations to increase the maximum permissible fine for commercial banks that fail to comply or inadequately comply with legislative and regulatory requirements. This amendment, introduced by decree of the NBG Governor, raises the maximum fine from 0.1% to 1% of a bank's regulatory capital. The fine amount is determined based on the severity of the violation, the damage caused to the bank's assets, and the potential risk posed by the infraction.

This regulatory change aligns with international best practices, aiming to ensure that fines are effective, proportionate, and serve a preventive purpose. It reflects the NBG's commitment to maintaining a robust regulatory framework that supports the rapid growth and development of Georgia's banking sector.

Over the past five years, the NBG has imposed more than 100 fines on banks, demonstrating its active role in enforcing compliance. Despite these regulatory measures, the Georgian banking sector continues to experience significant growth, highlighting the effectiveness of the NBG's supervisory strategies.