Basel II Risk Management Standards

The objective of this project was to assist Basis Bank in implementing Basel II Risk Management Standards in accordance with Georgian National Bank requirements. At the initial stage, a diagnostic of the banks’ risk management systems was conducted. Based on the diagnostic, a document that outlined the discrepancies between the existing system and the Basel II requirements was developed, which served as a basis for the development of new and appropriate financial, market and operational risk management systems.

Basis Bank operates since 1993 in Georgian market. In 2012, "Hualing Group" acquired 90% equity stake in BasisBank. By the end of the year 2014, Hualing Group retained its majority 92.78% interest in the Bank.