Financial organization to be obliged to supply clients with information about effective interest rate of loan or deposit
Financial organization to be obliged to supply clients with information about effective interest rate of loan or deposit
13:07, 13.04.2018

A financial organization will be obliged to supply clients with the information about effective interest rate of a loan or deposit when making private offers. The corresponding change was made in Rule of Customers’ Rights Protection by Financial Organizations, and the amendment will be enforced starting May 14, 2018.

According to National Bank of Georgia (NBG), requirements of informing of customers became stricter and this includes offering of products through distance communication means such as internet-banking, ATM machines, SMS, etc.





Economics
Financial organization
interest rate
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