Nino Jeladze, Vice Governor of the National Bank of Georgia (NBG), together with representatives from the non-banking supervision department, held a working meeting with stakeholders from the microfinance sector.

The meeting focused on reviewing the financial performance of microfinance organizations and addressing current challenges facing the sector. Participants evaluated recent developments and outlined prospects for future cooperation.

Discussions also covered legislative initiatives aimed at raising the microcredit limit and introducing additional regulatory requirements, including updates related to the regulatory capital of microfinance organizations. Particular attention was devoted to planned amendments to the regulation governing the supervision and regulation of microfinance institution activities, specifically in the areas of corporate governance and operational risk management.

According to Vice Governor Jeladze, these initiatives aim to foster a strong and effective corporate culture within microfinance institutions, thereby enhancing the sector's competitiveness and building greater trust among local clients and international investors.

The meeting was held in an interactive format, providing sector representatives the opportunity to ask questions and receive detailed responses.

Similar engagements with the microfinance sector are expected to continue in the future.