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“Consolidation of the Banks is Better for an Equal Competition”- declares Koba Gvenetadze

There has been consolidation process going on in the bank sector recently, which is estimated positively by the president of National Bank, Koba Gvenetadze.

As the president of National Bank declared, for the size of Georgian economy, it is better if the banks are consolidated.

“Let’s look at the sectors- the competition between banks is healthy, but for the size of economy like ours, I believe that it will be better if the banks are consolidated in order to create more equal competition in the sector”- says Gvenetadze.