Georgia's Liberty Bank issues April pension in advance to assist citizens in risk group
The National Bank of Georgia recommends the use of contactless payments due to coronavirus. Photo: Nino Alavidze/Agenda.ge.
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Liberty Bank has announced it will transfer 100 million GEL in pensions in advance to citizens of Georgia who are in a high risk group for the coronavirus, announces the Director General of Liberty Bank Vasil Khodeli.
This programme benefits people of the most risky group, people who are 70 years old or older. April pensions will be transferred in advance to their social cards and from tomorrow our customers will be able to use the money and pay only using the cards, not cash", said Khodeli.
Khodeli said that Liberty Bank understands contactless payment methods are safer for preventing the spread of the coronavirus, and for this reason pensioners will not be able to withdraw cash.
Also, as part of the programme, a new website www.myliberty.ge has been created to let recipients know when their pension will be transferred.
Volunteers from the Tbilisi City Hall and the Georgian Red Cross Society (GRCS) will provide food, medications and hygiene products to 2,500 elderly individuals at the first stage in order to prevent the spread of the new coronavirus – COVID-19, Tbilisi Mayor Kakha Kaladze stated today.
The Georgian Red Cross Society (GRCS) has started to train volunteers who will be able to provide food, medication and hygiene products to elderly individuals, those with special needs living alone, as well as to the disadvantaged and individuals with chronic illnesses in order to prevent the spread of the new coronavirus – COVID-19, Tbilisi Mayor Kakha Kaladze stated today.
The National Bank of Georgia recommends that consumers use contactless pay methods instead of paying by cash to prevent the spread of the new coronavirus. It also urges people to use distant banking services instead of going to the banks.
Elderly beneficiaries of care homes in Tbilisi will receive food for free starting from today, as soup kitchens have temporarily closed in order to prevent the spread of the new coronavirus-Covid-19, reports the press office of Tbilisi City Hall.
Private companies and individuals are now able to make donations in the national currency to help the poor and disadvantaged get through the coronavirus crisis in Georgia thanks to a StopCov foundation created today.
The Asian Development Bank (ADB) is offering about $6.5 billion to address the immediate needs of developing states, including Georgia, as they respond to the COVID-19 pandemic.
Banks operating in Georgia are ending the first quarter of 2020 with negative net profit as they have created reserves for handling the negative expectations caused by the coronavirus pandemic.