As part of its Educational Space initiative, the National Bank of Georgia hosted a series of seminars for representatives of the non-bank financial sector. The most recent seminar, titled “Non-Bank Sector Resilience: Transparency and Reporting,” was held for stakeholders from the Imereti and Adjara regions.

Notably, last year’s sessions brought together around fifty lending entities and microfinance organizations from Kutaisi, Zugdidi, and Batumi. This year, nearly 200 representatives from currency exchange offices took part in the event.

Participants explored key regulatory topics relevant to the non-bank sector. The sessions provided guidance on completing financial reports and navigating the electronic reporting portal. Discussions also emphasized the importance of reducing operational risks and strengthening corporate governance. A dedicated module was devoted to anti-money laundering measures, particularly the role of preventive actions.

The training was conducted in an interactive format, offering participants the opportunity to ask questions and share their experiences. The sessions addressed the sector’s current needs and challenges, while underscoring the value of ongoing educational engagement. At the conclusion of the event, participants were awarded certificates.

 

In recent years, the National Bank of Georgia’s efforts to refine the regulatory and supervisory framework have significantly contributed to improving the health, transparency, and reputation of Georgia’s non-bank financial sector.

“Seminars conducted by the National Bank of Georgia as a regulator play a vital role in supporting the financial sector’s continuous development. They equip professionals with the knowledge and skills needed to ensure compliance with legislation and uphold ethical standards. This particular seminar also promotes effective management and risk mitigation - key prerequisites for a stable and trustworthy financial sector,” said Irma Bokuchava, Head of the Non-Bank Institutions Supervision Department.

 

“There is strong interest in the National Bank of Georgia’s educational initiatives, both within Georgia’s financial and public sectors and at the international level. This is reflected in the success of numerous past events. The National Bank of Georgia is committed to expanding its professional education programs to reach an even broader range of target audiences,” added Ketevan Akhalkatsi, Head of the Financial Education and Strategic Development Department.