Acting National Bank Governor highlights Georgia’s “strong” financial system at Zurich forum
Natia Turnava, the Acting Governor of the National Bank of Georgia, highlighted the “well-established” financial system in the country and the dynamic of its leading banks making “significant strides” in expanding across the region while speaking at the Point Zero Forum. Photo: NBG
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Natia Turnava, the Acting Governor of the National Bank of Georgia, highlighted the “well-established” financial system in the country and the dynamic of its leading banks making “significant strides” in expanding across the region while speaking at the Point Zero Forum, an event focusing on financial technology in Zurich this week.
The National Bank cited Turnava as noting domestic banks were listed on the London Stock Exchange, bolstering their international reputation and credibility.
She also emphasised the role of innovations in driving the development of financial services and highlighted the projects implemented by the National Bank.
Turnava underscored the significance of the NBG in promoting the fintech ecosystem beyond Georgia and emphasised the international achievements of Georgian commercial banks with focus on their “technological adaptability” and the “innovative, exportable nature” of their services.
Looking forward, Turnava expressed the National Bank’s commitment to continuing
“proactive regulatory policies”, developing “cutting-edge fintech infrastructure” and forging international partnerships to strengthen financial innovations.
Running between Monday and Wednesday, the Forum brought together central bank representatives from various countries, regulators and industry leaders.
The National Bank of Georgia on Wednesday said the domestic financial system was “maintaining stability” and “continuing to support” the domestic economy.
The Centralised Risk Management Department of the National Bank of Georgia has shared its experience in operational risks, incidents, business continuity management and internal processes and procedures with their counterparts from the National Bank of Kyrgyzstan in a three-day webinar, the NBG said on Tuesday.
Tamaz Giorgadze, the Director of the international fintech company Raisin, on Thursday said Georgia had a “great potential” for the development of financial technology, in comments during a panel discussion within the 57th annual meeting of the Asian Development Bank in Tbilisi.
Georgian Economy Minister Levan Davitashvili on Wednesday led a working meeting of the Central Asian Regional Economic Cooperation Programme in the capital city of Tbilisi that was focused on the development of financial technology in the region.