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2002 Regulation on Minimum Capital Requirement for Credit Unions

Is the maintenance of minimum capital important for credit unions?
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This document presents the law that lays down the minimum capital requirement for credit unions of Georgia. It states that capital supports the banking activity and ensures credit union's reliability and sustainability.

The document further states that to supervise credit unions, the National Bank shall define minimum requirements for:

  • Regulatory capital;
  • Paid-in share capital;
  • Minimum total capital.

Further, the document includes Article 2 that defines the following terms:

  • Capital;
  • Regulatory capital;
  • Subscribed share capital;
  • Paid-in share capital;
  • Total capital;
  • Minimum capital requirements;
  • Solvency;
  • Assets.

The document argues that regulatory bodies, as well as the institutions themselves, should adhere to the requirements and ensure adequacy of capital ratios.

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