As part of its educational initiatives, the National Bank of Georgia developed a specialized training module tailored to the non-banking sector. For the first time, a series of training sessions titled "Sustainability of the Non-Banking Sector: Transparency, Reporting, and Consumer Rights Protection" was held for lending entities in the Imereti, Samegrelo, and Adjara regions.

During the three-day program, participants delved into key regulatory issues affecting lending entities. They were introduced to the rules for completing financial statements and utilizing the electronic portal. Emphasis was placed on reducing operational risks and strengthening corporate governance. The training also addressed critical aspects of anti-money laundering measures and the necessity of preventive actions. Additionally, the principles of consumer rights protection were discussed, alongside explanations and clarifications regarding the relevant normative acts.

In the discussion segment, participants had the opportunity to share their experiences related to specific issues, and to explore the needs and challenges faced by the non-banking sector. At the conclusion of the event, participants were awarded certificates.

"The training sessions conducted by the National Bank of Georgia, as a regulatory body, will contribute to the ongoing development of financial institutions. They will assist organizations in adhering to ethical standards in compliance with the law, which is ultimately essential for effective management, risk reduction, financial stability, and the enhancement of reliability. I am pleased that the trainings were mutually beneficial, and we will strive to make such educational initiatives more systematic," said Irma Bokuchava, Head of the Supervision of Non-Banking Institutions Department.

"The active participation and engagement of the trainees were remarkable. The National Bank of Georgia will continue to initiate and support valuable educational projects in the future," stated Ketevan Akhalkatsi, Head of the Financial Education and Strategic Development Department of the National Bank of Georgia.

In recent years, the improvement of the regulatory and supervisory framework by the National Bank of Georgia has significantly contributed to the soundness of the non-banking financial sector, enhancing transparency and bolstering its reputation. The non-banking financial sector plays a crucial role in providing financial services to both individuals and businesses across Georgia, and the increasing number of consumers imposes even greater responsibilities on it.