The President of the Banking Association Mr. Alexander Dzneladze and the Analytical Director Davit Rusia took a part in the 4 day conference organized by the Cash Cycle Seminar (ICCOS) held in Tbilisi, on 13-16 May in Sheraton Metekhi Palace (http://europe.iccos.com/agenda). The Seminar was devoted to sharing of foreign experience and challenges existing in the monetary flow. Representatives of attending parties shared their own experience and plans in accounting, shipping, issuance and transmitting of monetary funds and their views in connection with the prospects of management of monetary funds flows. In frames of the conference bilateral meetings were conducted with representatives of the Bank of Israel, BANTAS (Turkey), BS/2 (Lithuania), CIT Security (Ukraine), De Nederlandsche Bank (Nederland), Diebold Nixdorf (Germany), Orfix International GmbH (Germany), VTB Bank PJSC (Russia), Vaultex (UK), and other representatives of international and local banking sector, with scheduling...
“By implementation of responsible crediting system expectations of decreasing of the interest rates are justified”, – says the President of the Banking Association Alexander Dzneladze with a correspondent of bm.ge. According to him, interest rates are insignificantly decreased, but it is affected by several factors, thus Alexander Dzneladze doesn’t make clear assessments. A representative of the banks say that after implementation of responsible crediting number of borrowers was decreased, only low-risk borrowers are available and high-risk products will not physically exist on the market. “Generally, due to the responsible crediting implementation number of borrowers will be decreased, those who will have access to credits. Thus, competition will rise and this will have an impact on the interest rate but clear assessment is difficult as other factors have an impact on the stated issue such as, for example, Dedolarization process, which has an influence...