12.Apr .2021 14:00

Interest rates on pension loans and debt burden are high - Irakli Kovzanadze

Interest rates on pension loans and debt burden are high - Irakli Kovzanadze
views 442
Back

The Finance and Budget Committee of the Parliament of Georgia will discuss high-interest rates on pension loans. The matter is that opposition MPs Aleko Elisashvili and Levan Ioseliani demanded a committee hearing on the pension loans issued by Liberty Bank.

Koba Gvenetadze, the President of the NBG will also attend the sitting today.

For his part, Irakli Kovzanadze, Chairman of the Finance and Budget Committee, believes that the interest rate on loans and the debt burden are rather high, but should not encourage anti-bank sentiments.

“Our goal is to make life easier for our 800,000 pensioners and improve their situation. At the same time, we must not raise anti-bank sentiments towards the banking sector, when the pandemic and economic crisis take place in the country. Despite that, banking sector is still resilient and represents one of the foundations for future economic growth. The sitting will be held observing those factors," Kovzanadze said.