Statement of the National Bank of Georgia
The National Bank decisions on concentration (whereas one regulated entity is acquired by another), as well as on the compatibility of such transactions with the competitive environment, or potential violation of competition (by observing the confidentiality of information) will now be published on the official website of the National Bank of Georgia.
This time, the National Bank of Georgia, based on the referral of JSC Credo Bank, initiated administrative proceedings to assess the transaction (in terms of concentration) of the acquisition of 100% of the shares of JSC Finca Bank Georgia by JSC Credo Bank against a competitive environment.
Interested parties are invited to submit their comments on the compatibility of the planned transaction with the competitive environment to the following e-mail: June 28, 2021: firstname.lastname@example.org
Please be informed that the decision of the National Bank on the compatibility of the concentration with the competitive environment will be published on the website of the National Bank within 7 days after the decision is made.