Acting Governor of the National Bank of Georgia, Natia Turnava, held a meeting with Francis Malige, Managing Director of Financial Institutions at the European Bank for Reconstruction and Development (EBRD), and George Orlov, Director of Financial Institutions for Central Asia, the Caucasus, and Turkey. 

The meeting focused on the current state of Georgia’s financial sector and explored financing opportunities from international financial institutions. 

Natia Turnava briefed the EBRD representatives on the significant reforms implemented by the NBG in recent years to strengthen banking supervision frameworks. These reforms fully comply with Basel III standards and European directives, underscoring the NBG’s commitment to global best practices. 

The Acting Governor highlighted the importance of collaboration with international financial institutions in advancing Georgia’s financial sector. 

“We greatly value our partnership with international financial institutions, including the EBRD, which plays a crucial role in fostering Georgia’s social and economic development and supporting the growth of its financial sector,” said Natia Turnava. 

Francis Malige expressed the EBRD’s readiness to continue supporting vital reforms in Georgia’s financial sector and to provide technical assistance in the future. 

 

To date, the EBRD has invested €5.3 billion in Georgia, financing 301 projects. Its current active portfolio includes 79 projects valued at €1.2 billion, with 32% of the portfolio allocated to financial institutions. 

 

NBG Vice Governors Ekaterine Mikabadze and Ekaterine Galdava also participated in the meeting.