Georgia's central bank receives two awards from Central Banking

The National Bank of Georgia (NBG) has received two awards in the Risk Manager and Transparency nominations within the international publication Central Bankings Summer Meetings.

Transparency is one of the top priorities for the NBG. It has been preserved and succeeded even in the times of Covid-19. In addition to ensuring price stability and facilitating sustainable economic growth in the country, the main mandate of the NBG is to ensure the transparency of macroeconomic policy and the financial system regulation as well", reads the press release published by the NBG.

As for the Risk Manager award the NBG says that it is presented to leading central banks that demonstrate 'excellence in Risk Management of FX reserves'. 

Global recognition of NBG's achievements in the FX reserve management field is a result of a dramatic transformation of its reserves management function over the last decade. From a central bank with small reserves and simple instruments, the NBG has evolved into a skillful reserve manager with sophisticated investment strategies and top-notch infrastructure", says the NBG.

The Central Banking Award is recognised in the international financial community and reflects the high reputation and successful activities of participating banks.