Vazha Menabde, MSME Director at Liberty Bank declares the bank is ready to win or lose the new tender for pensions. "Everything should be regulated by competition," - Menabde declares.
According to him, it is wrong to talk if the interest rate is high or low on pension loans.
"I think it is wrong to talk if interest rates are high or low, we need to talk about whether it is a market rate – or not. As for the negotiations, we are always open to any party and ready to communicate with anyone who wants to protect the customers. We are always ready to find a better solution for everyone. As for the processes in the parliament, we are business people and we do not want to get involved in political games," Vazha Menabde said.
According to him, Liberty Bank is using the old contract. He noted that when the bank received the contract, no other bank expressed interest in providing this service.
“We are ready for any scenario; We will act in accordance with the law, if there is a tender tomorrow, we are ready for that, because we have the most experience. We have the infrastructural resource. We are ready to win it or lose it, everything will be regulated by the competition," Menabde said.
The opposition MP Giorgi Vashadze initiated draft law On Pension. According to the draft bill, under the changes, the pensioner will have the right to choose the bank, the interest on the pension loan should be less than 30%.
