Presentation of the Second Issue of Forbes Banker was held in the National Bank of Georgia
At the presentation of the new
edition of the magazine, Koba Gvenetadze, President of the National Bank of
Georgia, evaluated the performance of the banking sector: "National Bank of Georgia is
hosting Forbes Banker Magazine for the second time. For us, this event is a
kind of summarizing of performance of the banking sector, but as if seen from
the side. This year has been extremely important for banking sector and for
financial sector as a whole. It was full of success stories, novelties and new
projects. Banking sector represents one of the most important pillars for the
economy of the country and, at the same time, is the most stable, healthy
field, permanently oriented towards development. That is why, every year we
face new challenges. We want to approach international standards as close as
possible and to improve transparency. For this purpose, it is necessary to have
strong, profitable, progressive financial system on one hand and protected and
informed consumer on the other. To fulfill these tasks, the National Bank of
Georgia, together with the government and banking sector, has developed a
legislative package, which is being considered by the parliament and positive
results of which will become obvious in the nearest future. Confidence of
foreign investors and financial institutions in our country and our financial
system increases on a daily basis. Of course, many things still need to be
improved but we're having progress and, I must say, that this is just a start!
I would like to state also that for professional evaluation and even
criticizing of these processes, existence of qualified business publications is
crucial. Unfortunately - or, fortunately for Forbes - this market has not been
developed yet. I want to wish success to the magazine and its staff", - stated
Koba Gvenetadze, president of the National Bank of Georgia.
At the presentation, Giorgi
Isakadze, Editor-in-chief of Forbes Georgia, presented the rating of commercial
banks, operating in Georgia, according to which, TBC-Bank is holding the
leading position. The review of main trends and events of the banking sector in
2017, made by Forbes Georgia and Ernst&Young, was based upon materials and
statistical data of the National Bank of Georgia, reports, prepared and
published by commercial banks and information, provided by the World Bank and
International Monetary Fund.
Forbes Georgia is a licensed monthly edition of Forbes Magazine, the most influential business economic magazine in the world. Forbs Banker is issued every June and is dedicated to the review of the events taking place within the banking sector and summarizing the results of the past year. Forbes Banker publishes the ongoing events and summarizes the previous years. The issue portrays the managers of the banks and financial institutions, discussing the results of 2016 and presenting future perspectives of the organizations under their supervision.