Statement of the National Bank of Georgia
While analyzing any particular transaction, taking into account the possible impact on competition, as well as effectiveness of financial system and protection of customers' and investors' rights, are very important. Small size of the market is also taken into consideration, as according to the international practice, consolidation is one of the means to achieve effectiveness. In addition, economy of scale and growth of effectiveness promotes the decrease of interest rates.
It is noteworthy, that within the framework of risk-based supervision, NBG continuously analyzes the aforementioned issues, and they are discussed in NBG's Annual Reports.