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Seisure of Liberty Bank’s shares to Hinder a New Investor Entrance

Seizure of Liberty Bank’s shares to Hinder Investors

Giorgi Kadagidze, the president of National Bank of Georgia declares that new investments cannot be implemented due to the seizure of Liberty Bank’s shares. This information was declared in Rustavi2 TV company based on the announcement of Giorgi Kadagidze.

He noted about the protracted disputes, harmful practices of seizing companies’ assets and shares and declared that these decisions hamper new investments.

“Case of Liberty Bank is a concrete example of that in the banking sector. The bank’s shares are seized and investment of over 100 million cannot be made. Merely, one decision hampers entrance of 100 million”, – Kadagidze says.