Within the state program of nullifying troubled loans, banks, including TBC, were forced to write off the debts . Mamuka Khazaradze made statement about this at the sitting of the Finance and Budget Committee of the Parliament. According to him, in the problematic portfolio of 120 million only 3 million was reimbursed. It becomes known that TBC has addressed the National Bank with a question of who would responsible for this fact if after the years the bank will be charged on this issue, as happened in the case of 17 million that were written off 11 years ago.
"We were forced to confront to 300% loans with 40% of loans were confronted. It is very important, it concerns writing off We have addressed the President of the National Bank with an official letter, and we told him that when you are telling that our 120 million portfolio is going to be written off in this billion-five million, three later when the new president of the National Bank would come he may also asks us why we have written of 120 million for three million? We had other calculations, we do not think that this 120 million had to written off. If you have a question about 17 million in 2008, after five years, new political leaders may say that it was a mistake to write off 120 million. We have received a letter that this is not our issue. Where is the logic However, they attended all the meetings together with the Ministry of Finance, "Mamuka Khazaradze said.