Banking

National Bank Vice President Comments on Bank Deposits Insurance Mechanism

National Bank Vice President Comments on Bank Deposits Insurance Mechanism May 30, 2018Leave a comment
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Bank deposits insurance plans is among the list of mechanisms for ensuring steadiness of finance sector, National Bank vice president Murtaz Kikoria told reporters.

\”Today the banking method is demonstrating the highest amount of steadiness C bank capital adequacy, profitability, liquidity and steadiness indicators meet the highest standards. Consequently, marketing promotions campaigns to undertake this type of reforms today\”, Murtaz Kikoria noted and added that balance is going to be maintained in deposits management structure.

\”The fund includes two governmental representatives, and two representatives from commercial banks and NBG president. I do believe the management structure is balanced\”, Kikoria said.

We remind you that Government of Georgia approved marketplace on deposits insurance system in grievous week as well as in a couple of days the document are going to be published to the Parliament.

The law will got into force on January 1, 2018.

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