“Nothing positive is happening in the insurance sector, but I believe we should stay positive”, TBC Insurance director general Paata Ghadzadze told the Business Course, when appraising the COVID-10 effect on insurance industry.
"I do not object that the 200,000 GEL top margin run on loans", Koba Gvenetadze, president of the National Bank of Georgia (NBG) told the Business Partner’s Four TV Program
The recent development of the digital ecosystem is one of the main priorities of Georgian banks.
Bank of Georgia Prepared Emergency Action Plan at Early Stage and Prioritized to Shape Safe Environment
Bank of Georgia has prepared a business continuity plan at the early stage and prioritized to create safe and healthy environment, Bank of Georgia deputy director general Levan Kulijanishvili told Business Partner.
Reducing commission costs, promotion of online education, assistance for the elder, expansion of digital technologies, digitalizing various services
Georgia-based commercial banks are bearing losses. In March 2020, the banking sector’s losses amounted to 943,130 million GEL.