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The meeting of the top persons of the banks – members of the Banking Association with the Minister of Economy and Sustainable Development of Georgia
The meeting of the top persons of the banks – members of the Banking Association with the Minister of Economy and Sustainable Development of Georgia
On June 26, 2019, the meeting with the Minister of Economy and Sustainable Development of Georgia Ms. Natia Turnava and Deputy Minister of Foreign Affairs Mr. Nikoloz Alavidze with the top persons of the banks – members of the Banking Association was held in the working atmosphere. The meeting was held in a consultation-advisory mode in regard to unfriendly steps towards tourism business taken by the government of the Russian Federation in relation to Georgia. The parties expressed their readiness to take joint steps to maintain the financial and entrepreneurial sector under the obtained results. The next communication with the National Bank of Georgia was planned and the agreement was made on the necessity of similar communication in the course of updating statistical information.
The representatives of the Banking Association participated in the USAID-funded project
The representatives of the Banking Association participated in the USAID-funded project
On June 25, 2019, the representatives of the Banking Association participated in a public discussion held under the USAID-funded project "Governance for Development" (G4G) on "Regulated Agreement as a Simplified Procedure for Insolvent Business Rehabilitation". The authors of the project presented the long-term experience of England and leading European countries, taking into consideration of which will facilitate in the Georgian reality the establishment of flexible schemes with the creditors by the companies to be rehabilitated and will be equally beneficial to both - loans and companies that have failed in entrepreneurial activity.
Order No. 281/04 of 24 December, 2018 of the National Bank of Georgia
Order No. 281/04 of 24 December, 2018 of the National Bank of Georgia
According to the Article 6 of the Regulation of the Loans of Individuals by the Order # 281/04 of 24 December, 2018 of the National Bank of Georgia, it is permissible to study the income of an individual in accordance with the Bank's internal policy-procedures. Within the first few months upon the regulatory adoption in the framework of responsible crediting, the banking system was focused on systematic correct demonstration of regulations, on monitoring of bringing them to the consumers without harm and observing market behavior. As a result of this process, the banking system is now able to move to a new stage and provide an efficient way to assess the revenue and solvency of the borrower and to offer renewable healthy mortgage products. As a result of the joint work of the Banking Association of Georgia, member-banking institutions and the representatives of the National Bank, commercial banks are beginning to develop new products for mortgage loans in lari. In particular,...
The Banking Association of Georgia is engaged in the development and implementation of the new computerized transit system for the trade promotion
The Banking Association of Georgia is engaged in the development and implementation of the new computerized transit system for the trade promotion
The Banking Association of Georgia is involved in the Joint Twinning Program Working Group. The program, which is financed by the EU, includes the efforts of the Ministry of Finance of Georgia, the Revenue Service, Swedish Customs Service, Latvia Revenue Service, and the Polish National Revenue Service's dedicated to the promotion of the Georgian trade by developing and implementing the new computerized transit system (NCTS) supported by in the EU, Finland, Poland, Latvia and Georgia. The above-mentioned system’s advantage is the transportation of cargo bound to Georgia from 36 countries involved in the program with a single uniform document, which excludes the renewal or change of these documents on the customs of all countries. Traffic cargo movement has a growing character and in 2018, more than 11 million cargo units passed through the customs of the states participating in this system.
Investment Forum -
Investment Forum - "More Investments to the Regions of Georgia"
On May 30, 2019, the Banking Association of Georgia participated in the International Regional Investment Forum - "More Investments in the Regions of Georgia", organized by the Georgian Chamber of Commerce and Industry, which was held in Kakheti region, in Radisson Collection Tsinandali. The forum was opened by the State Representative in the Kakheti region Irakli Kadagishvili. The Prime Minister of Georgia Mamuka Bakhtadze, the Vice Prime Minister of Georgia and the Minister of Regional Development and Infrastructure Maia Tskitishvili, Minister of Economy and Sustainable Development of Georgia Natia Turnava, Minister of Environment Protection and Agriculture Levan Davitashvili and Georgian Business Ombudsman Irakli Lekvinadze addressed the attending audience. Representatives of more than 20 foreign and 150 Georgian companies attended the event. They had an opportunity to discuss prospects of cooperation. Three-panel meetings were held within the framework of the Forum,...
The visit of the representatives of the banks – members of the Banking Association of Georgia to the National Bank of Georgia Cash Center
The visit of the representatives of the banks – members of the Banking Association of Georgia to the National Bank of Georgia Cash Center
On May 28, 2019, the representatives of the Cash Operations and Cash Flow Department of the National Bank of Georgia on behalf of the Head of the Department Alexander Kochiashvili hosted representatives of banks - members of the Banking Association of Georgia in the Cash Center of the National Bank of Georgia. The visit was planned on May 13-16, 2018 in the framework of the "Cash Circle Seminar" (ICCOS) held in Tbilisi, and included visiting of the National Bank's Cash Center, familiarizing with operations and the issues of putting into the practice the modern approaches in the field of cash management. The visit attracted great attention and high rating of banking sector representatives.  
Meeting of the Banking Association of Georgia with the heads of the bank sector and the members of the High Council of Justice
Meeting of the Banking Association of Georgia with the heads of the bank sector and the members of the High Council of Justice
On May 23, 2019, by the initiative of the Banking Association of Georgia, a meeting was held with the heads of the banking sector and the members of the High Council of Justice in the Radisson Blu Iveria hotel. The Georgian Chamber of Commerce and Industry was represented as a partner organization. Bank representatives presented to the Council of Justice members their views and opinions regarding the situation in the Georgian judiciary and of the attitudes towards the banking system. Giorgi Mikautadze, the Secretary of the Council of Justice and Sergo Metopishvili, the Chairman of the Civic Affairs Board of Tbilisi City Court, offered to the Banking Association members the formation of a working group where they will be able to have a subject review of the flaws and remarks of the banks in order to properly hold the processes in future.
Workshop with representatives of commercial banks legal departments
Workshop with representatives of commercial banks legal departments
The meeting of the representatives of commercial banks legal departments was held at the office of the Banking Association of Georgia. The subject of the discussion was the review of the comments and recommendations to be considered within the framework of banking resolution and improvement developed by the National Bank of Georgia. The representatives of the National Bank of Georgia have also joined the discussion process. Subject discussion was related to the amendments to be introduced to the document and the positions of the parties revealed regarding the future of the document. The parties agreed on the written exchange of the issues and planned a meeting with the Vice-President of the National Bank.
The Banking Association of Georgia participated in the workshop organized by the European Union and World Bank
The Banking Association of Georgia participated in the workshop organized by the European Union and World Bank
The Banking Association of Georgia participated in the workshop organized by the European Union and the World Bank The representatives of the Banking Association of Georgia (A. Dzneladze, G. Bagrationi, D. Rusia) took part in the workshop organized by the European Union and the World Bank, which turned out to be the prerequisites for starting the financial engagement and accountability project in Georgia. The representatives of the banking, state and financial sectors have discussed foreign experience regarding the effectiveness of measures against extra debts of individuals.   Moving to the active phase of consultations and taking into consideration the interests and arguments of the banking sector representatives has been decided.
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