"Coordinated work is underway for the borrowers who lost their jobs or stopped their business due to the second Lockdown, but the process will not include loan delay”, Aleksandre Dzneladze, head of the Banking Association told BM.GE.
According to Dzneladze, the banking sector is ready for restructuring and now they are waiting for a unified list of borrowers.
"The restructuring process actually started in June, but now there will be additional companies that will be affected by these restrictions in a short period of time. It is important that such individuals and businesses must be registered on the state lists, which provide social packages. This does not mean that other loans are not being restructured, but in relation to the mentioned borrowers, who lost their jobs or stopped their business due to this lockdown, coordinated work is underway. The process does not mean postponement, it is actually restructuring, "Aleko Dzneladze said.
According to him, in order to be involved in the process, the borrower must individually apply to the bank for restructuring and it is necessary to be registered in the government list. The formation of these lists will be completed by December 24.
See all the news
All
“აჭარისწყალი ჯორჯიას” ახალი აღმასრულებელი დირექტორი ჰყავს
Fines for Violation of Traffic Rules in Azerbaijan Amounted to USD 55 MLN during Jan-Sep 2020
Q&A: ADB
EASTERN EUROPEAN DNS FORUM WAS HELD IN GEORGIA
რატომ ვერ ვმართეთ კორონავირუსი? - #Forbesკვირა პროლოგი გიორგი ისაკაძე
Q&A: Ek Law Office
LVMH and Tiffany Agree on Lower Price for $16 Billion Takeover
Woman in Charge
Hualing FIZ: Four New International Companies to Establish Free Zone Businesses in Georgia
U.S. Investment Firm Asks Republic of Georgia for License to Mineral Rights on Block 12
Focus on Georgia - ADB
Focus on Ganja Gap in Nagorno-Karabakh’s Regional Conflict
Scientific Community Calls for Action Against Lockdowns
Georgian Government seize foreign-owned asset, referred to International Arbitration
Studying Abroad Costs Georgian Students €10,000–15,000
Franco Frattini - Georgia, straying from the rule of law
Letter to the Newsweek Editor: 'Russia Determined to Wield Power in Georgia'
Caspiannews: Georgia’s Actions to Seize Foreign Company Disrupt Telecommunications Corridor Between Europe & Asia
Key Markets Indicators
Turkish cable manufacturer Koc Kablo has opened its first factory in Georgia