The Banking Association of Georgia is a Non-Entrepreneurial (Non-Commercial) Legal Entity which combines all banks and financial-crediting organizations acting in Georgia with the activity connected with the banking field of Georgia and which expresses interests of the banking community of Georgia.
The Banking Association of Georgia is established on the 20th of August, 2018 and currently combines 14 banking institutes. The Association cooperates with local and international representations, associations and authorities of the financial sector.
Targets and objections of the Banking Association of Georgia:
Protection of rights and interests of commercial banks acting in Georgia with state authorities, public organizations, international financial institutes and other entities.
Supporting of integration of the Georgian banking system into international banking relations and long-termed development of the banking activity; investigation of the banking experience, assistance to banks and their supporting, coordination of unifying of their resources for the purpose of implementation of significant programs.
Development of cooperation of Georgian commercial banks with non-resident banking financial centers.
Informing of the society on activity of commercial banks in Georgia and formation of positive civil concern in connection with the bank system.
Development of cooperation with representatives of different business sectors and banking organizations of other states.
By establishing of the Banking Association representatives of the banking sector agreed to make a dialogue of the bank sector more dynamic with the National Bank of Georgia, Government, international organizations and NGOs. Using mutual efforts to agree legislative, normative, reference, recommendations and action plants, to activate consultations and expressing and active protection of interests of the bank sector, by emphasizing of the role of banking sector in economic sustainability, employment, retraining, and social responsibility.
By cooperating with donor and partner organizations the Banking Association plans to make active steps in direction of educational and unified banking standardization. It makes focal steps in direction of implementation and facilitation of the image of adviser of state organizations. The Association deals with lobbying of crediting institutes in relation to the third parties. Negotiations are pending by the Parliament of Georgia on membership of lobbyists being in the process in a unified registry.
The Association conducts policy-making activity in entering of changes and amendments into the pending laws and legislative acts, by mobilizing of bank resources for their upgrading. Besides, it struggles in entering fo changes and amendments into the approved normative documents and their submitting to the Parliament of Georgia, Government, National Bank of Georgia and other governmental bodies.
The Association plans to become a member in the European Bank Federation (https://www.ebf.eu/about-us/), which combines about 3000 member-banks. Besides, it plans to become an associated member of the International Bank Federation (http://www.ibfed.org.uk/), which is represented by leading banking institutes of the USA, Western Europe, Australia, Canada, Japan, China, India, Republic of South Africa and South Korea.
In October, 2018 Alexander Dzneladze was appointed as the President of the Association.
A rule of integration into the Association:
Any legal entity may become a member of the Banking Association of Georgia which, under the Georgian legislation, conducts a banking activity, has a relevant license and shares values and targets of the Association.
It should address to the President of the Banking Association of Georgia on the issue of membership in the Banking Association of Georgia based on the resolution made by the General Meeting of the Association.
President – Alexander Dzneladze Director – George Bagrationi Analytical Director – David Rusia