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Our Financial Sector Is Sustainable And Ready To Withstand All Challenges - NBG Acting Governor

ნათია თურნავა მწვანე პიჯაკით
BM. GE
02.08.23 17:00
11

We have two permanent tasks and challenges: achieving the price stability and the stability of the financial sector - our financial sector, according to the assessment of many international organizations, is sustainable, quite protected from the point of view of risks and ready to withstand all potential, serious challenges, the Acting President of the National Bank Natia Turnava stated at the press conference, thus answering the question of InterPressNews regarding the challenges the National Bank is facing today.

In addition, according to Turnava, the task of the National Bank is to provide greater and easier access to finances for the population and businesses, as well as to protect the rights of consumers.

"In general, we have two permanent tasks and challenges based on our mandate. This is the achievement of the price stability and the stability of the financial sector, where the situation is quite good. Our financial sector, according to the assessment of many international organizations, is sustainable, quite protected from the point of view of risks and ready to withstand all potential, serious challenges, although if we talk about more tactical tasks - as you know, Georgia is developing as an economic hub and also, it should develop as a financial hub, because the growing economy needs growing finances. Accordingly, our task will be the further development of the financial sector, the emergence of new technologies, new players, be it digital banks, micro banks; A very interesting new framework that we offer to potential financial market participants; Also capital development, etc. That is - more, easier access to finances for the population and business - this is the first. In this context, we will consider the promotion of competition in the financial market. Another, equally important and constant concern, is the protection of consumer rights. In this regard, we have and will have many innovations so that the consumer’s personal information and interests are more protected", said Natia Turnava.

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