ECONOMY

NBG sets new regulations for financial institutions

13.01.23 13:40


The National Bank of Georgia (NBG) set new transparency regulations for Georgian financial institutions.

 

To enable customers to compare the services with those offered by other financial organisations, the financial institutions will have to give them comprehensive information about the combined offers as well as the cost of a product.

 

The NBG noted that the new regulations would help customers make informed decisions and boost competition.

 

The Georgian central bank elaborated the regulations through active cooperation with the World Bank (WB) experts. Financial institutions must comply with the new requirements beginning April 1, 2023.

 

 

source: 1TV

Read: 397


Write comment

Warning!
(In their comments, readers should avoid expressing religious, racial and national discrimination, not use offensive and derogatory expressions, as well as appeals that are contrary to the law)

Send
You can enter 512 characters

News feed