Acting National Bank Governor discusses challenges with domestic banking sector
Natia Turnava, the Acting Governor of the National Bank of Georgia, on Tuesday met heads of the Banking Association of Georgia and commercial banks operating in the country. Photo: NBG
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Natia Turnava, the Acting Governor of the National Bank of Georgia, on Tuesday met heads of the Banking Association of Georgia and commercial banks operating in the country to discuss challenges in the financial sector and future plans.
Turnava said the meeting served to "better understand" the challenges the sector was facing.
This week we will have a meeting of the Financial Stability Committee where we will discuss various issues. Among them, on increasing the maturity of consumer loans. In this regard, we wanted to hear the opinions of commercial banks in advance”, she said.
The NBG Governor added the Georgian banking system was “quite strong, low-risk and resistant to various shocks”.
However, against the backdrop of increased geopolitical risks, we want to make sure once again that the banks are ready to deal with any external shocks”, Turnava said.
The President of the Banking Association, Aleksandre Dzneladze, said the goal of his office as well as the National Bank was to "minimise risks [and] external shocks and further develop" the country’s banking system.
The National Bank of Georgia and the Georgian office of the German Sparkassenstiftung fund on Monday hosted a workshop promoting sustainable finance development and implementation of the environmental risk management processes in the Georgian financial sector.
The National Bank of Georgia and the country’s financial sector have teamed up to join the Cybersecurity Awareness Month global campaign on raising awareness around the issue.
Natia Turnava, the Acting President of the National Bank of Georgia, on Friday met representatives from local commercial banks to discuss cooperation for ensuring more resource investment in the domestic economy and ensuring access to finance for bank customers.
Natia Turnava, the Acting President of the National Bank of Georgia and the representatives of the country’s banking sector and the Business Association of Georgia on Wednesday reviewed the current situation in the banking sector and discussed the future plans, which will create an additional impetus to the economy.
The Financial Stability Committee of the National Bank of Georgia made a number of decisions on Wednesday in order to “further mitigate the risks of dollarisation” and increase the maximum maturity of unsecured consumer loans.
Natia Turnava, the Acting Governor of the National Bank of Georgia, on Wednesday said individuals would be able to take out loans of “any amount” in the currency of their income with the existing ₾200,000 ($74,358) limit set to be removed starting January 1, 2024.
The National Bank of Georgia on Thursday said an annual publication of the European Covered Bond Council had confirmed the compliance to European Union legislation of the country’s regulatory framework of mortgage-covered bonds.
Natia Turnava, the Acting Governor of the National Bank of Georgia, on Monday met Rolande Pryce, the World Bank Regional Director for the South Caucasus, to review implemented and prospective projects between the sides.