Citizens Party: Top ceiling for pension loans at Liberty Bank set at 26%
Citizens Party: Top ceiling for pension loans at Liberty Bank set at 26%

Starting in January 2023, the top ceiling on interest rates for pension loans at Liberty Bank will be 26%, Aleko Elisashvili, head of the opposition Citizens party, stated.

The Citizens party spearheaded talks on why the most vulnerable population pay the highest interest rates. The party members met Liberty Bank executives, the President of the National Bank of Georgia, and Deputy Health Ministers.

On the Prime Minister’s instruction, an inter-agency commission was formed in parliament, with the involvement of financial experts, foreign organizations, and the banking industry.