Natia Turnava, the Acting President of the National Bank of Georgia [NBG] and the representatives of the country’s banking sector and the Business Association [BA] of Georgia reviewed the current situation in the banking sector and discussed the future plans, which will create an additional impetus to the economy.

At the meeting, the sides once again emphasised that the Georgian financial system was and would continue to be loyal to the international sanctions.

“The banking sector and the NBG, as always, are cooperating very closely, we have a common vision and a common goal. We are committed to our international obligations”, - said Natia Turnava.

“The regulations, which would promote economic activity in the country, had been discussed at a very interesting meeting with the NBG, I am optimistic about such a working process”, - said Archil Gachechiladze, the Executive Director of the Bank of Georgia.

“Our task is to further strengthen the banking and financial system, which is strong and outstanding in the region. A strong economy should be created by business. This is our final goal, that we all achieve it together. The BA, which represents almost all economy sectors, had frequent communication with the regulator – NBG - and it serves to strengthen the country, business development and economy”, - added Soso Pkhakadze, the President of the BA.