Issuance of Loans will be limited without analyzing payable ability of creditors
Issuance of Loans will be limited without analyzing payable ability of creditors

Based on the order of President of National Bank of Georgia (NBG), commercial banks will be limited issuance of loans without analyzing payable abilities of creditors.

The bank clarified that reduction of motivation of retail loans without confirmation of income will contribute to credit standards improvement in the banking sector and encouragement of credit relations of social responsibility.

 

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