Home / Tag Archives: National Bank of Georgia (page 5)

Tag Archives: National Bank of Georgia

The Volume of Money Transfers Increased in June 2016

The Volume of Money Transfers Increased in June 2016

In June 2016, the volume of money transfers from abroad made up 105.4 million USD (230.6 million GEL), which is 4.9 percent (4.9 million USD) more than the amount in June 2015. According to National Bank of Georgia, 35, 9 million is transferred from Russia in June, 13, 2 million – …

Read More »

NBG: GEL Was Strengthened More than the Fundamental Factors Conditioned

NBG: GEL Was Strengthened More than the Fundamental Factors Conditioned

Vice-President of National Bank of Georgia estimates the recent drop of GEL rate. Archil Mestvirishvili explains, that commenting on instant change of GEL rate is not correct in order to avoid creation of expectations at the market. Manager of NBG names the reasons, which caused fluctuation of GEL rate. “Due to …

Read More »

NBG Became a Member of a Working Group on Stress Tests at Basel Committee

NBG Became a Member of a Working Group on Stress Tests at Basel Committee

The National Bank of Georgia (NBG), as a member of Basel Consultative Group (BCG), continues working within the Basel Core Committee’s Supervision and Implementation Group. According to the bank, this group works on implementing advanced approaches in international supervisory policy, and the principles that it develops constitute international standards. The …

Read More »

National Bank to Regulate Online Credit Organizations

National Bank to Regulate Online Credit Organizations

The National Bank of Georgia (NBG) will be authorized to regulate online credit organizations. The project is to protect the consumer rights and interests, Georgian Economy Minister Dimitri Kumsishvili told reporters. “Under the project, the national bank will regulate the sector and we believe this is a correct decision. Regretfully, …

Read More »