During the inspection period, there were revealed 1 (one) case of submitting inaccurate information by a microfinance organization to a group of inspectors. In particular, in Appendix No. 2 "Loans according to the credit agreement" provided by the microfinance organization on August 30, 2023, were not submitted clients, who were registered "Client Base Form". In accordance with Article 3, Paragraph 3, Subparagraph “p” of the “Procedure for Determining, Imposing and Enforcing Fines to Microfinance Organizations and their Administrators” adopted by the President of the National Bank of Georgia by the decree №16 /04 on February 5, 2020, envisages fine with the amount of 2 000 Lari on each case. Total – 2 000 Lari.

During the inspection, there were revealed that in 2 (two) cases National Bank of Georgia was provided with inaccurate information through the supervision reports on the risk of the legalization of illicit income and terrorist financing by the microfinance organization, which according which under the Article 3, Paragraph 4, sub-paragraph ‘d’ of the Rules “On Determining the Penalty Amount, Imposition and Enforcement of Fines to the Microfinance Organizations and its Administrators” approved by the Decree of the President of the National Bank of Georgia on May 31, 2016 by the decree №61/04 envisages fine with the amount of 1 000 Lari on each case. Total – 2 000 Lari;

JSC Microfinance Organization “Georgian Capital” (204568574) was fined with total amount of 4 000 (four thousand) Lari.