Activation of Banking Regulations postponed till January 1
Activation of Banking Regulations postponed till January 1

The regulations for commercial banks, scheduled to be activated starting November 15, will be enforced for the whole financial sector as of January 1, 2019 – National Bank of Georgia (NBG) reported.

 

Activation of the regulations has been postponed for the second time. The new regulations mainly concern the rule of issuance of loans to physical persons (mortgage, consumer credits, etc).