COMMENTARY

COMMENTARY

25 February, 2022

The National Bank of Georgia acts in accordance with the financial sanctions imposed by the United States, the European Union, the United Kingdom and other countries, subject to JSC VTB Bank Georgia as a financial institution within the VTB Bank Group. Therefore, the bank transfers in dollar, euro, pound and other foreign currencies were restricted.

 

Meanwhile, our aim is to protect the interests of the bank depositors, the citizens of Georgia, and to ensure the stability of the country's financial system, taking into account the fulfillment of the conditions of sanctions.

 

Thus, the NBG is intensively monitoring the current situation and, in case of necessity, is ready to protect the interests of the bank's depositors through the instruments defined by the legislation and international standards.