Acting National Bank Governor, Clearstream heads review fruitful cooperation

Fruitful cooperation and prospects of a new partnership were reviewed on Saturday by Natia Turnava, the Acting Governor of the National Bank of Georgia and heads of the financial services company Clearstream, Phil Brown and Robert Tabet.

At the meeting, held as part of the annual meetings of the International Monetary Fund and the World Bank, the sides discussed opportunities to implement joint regional projects with Georgian financial institutions.

Georgia has been cooperating with the company since 2016, allowing foreign investors to buy Georgian public securities and deposit them in Clearstream, the NBG said.

Clearstream, one of the largest financial organisations in Europe, has 50 years of experience and the status of an international central depository. The company has more than 2,500 customers in 110 countries, managing around €14 trillion in assets.

The financial company is also involved in the management of collateral and investment funds, which includes 170 million settlement operations per year on average.