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Vakhtang Butskhrikidze

Vakhtang Butskhrikidze, TBC bank – Changes Will Bring Real Effects to the Bank Sector

Vakhtang Butskhrikidze, a TBC Bank director general: “The issue should be thoroughly explored and we should determine whether the separation of supervisory functions from the NBG is strategically expedient in the long-term perspective.

It is wonderful the bank sector representatives and the bill authors have met. Now we should continue the working process and broaden the format. We are ready to actively join the discussion process and request for involvement of foreign experts and international finance institutions in this process.

The process must be maximally transparent; I repeat we should clearly know a final result we want to reach and whether these changes will be justified in the long-term perspective.

Previously, the financial supervision body was independent for several years, later it merged with the National Bank.  Since then the bank sector and the supervision agency are being developed.

Consequently, we should be sure the changes will bring real effects to the bank sector and the whole economy.