New Project of National Bank of Georgia
New Project of National Bank of Georgia

The National Bank of Georgia published a new project, which imposes new regulations for loan issuing organizations.

Regulations will apply to any entrepreneurial entity with more than 20 individuals having a loan / credit obligation simultaneously.

According to the project, it is unacceptable to issue loan without a full analysis of the borrower’s / co-payer’s solvency.

New regulations for financial institutions will be enacted from January 1, 2019.

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