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National Bank and China Banking and Insurance Regulatory Commission Sign Memorandum

National Bank of Georgia (NBG) and China Banking and Insurance Regulatory Commission have signed a memorandum on cooperation.

The memorandum was signed by NBG vice president Murtaz Kikoria and Zhu Shumin, vice president of China Banking and Insurance Regulatory Commission.

Under the memorandum, the partiers have agreed to ensure information exchange on permanent basis and tight cooperation in the banking sector supervision field.