According to the French Ambassador to Georgia Pascal Meunier, the developed events around TBC Bank raise some questions.
According to the French Diplomat, negative signals come from Georgia regarding justice in recent months.
”The events around TBC Bank are strange. Such things are associated with me for the past. This bank is on the London Stock Exchange, and it also has foreign shareholders; Everything is in the order of management towards this bank. Perhaps something went wrong for more than 10 years ago, but we are not sure why the interest in this issue has occurred, so long after and not before, “the ambassador said.
According to Pascal Meunier, if the sanctions from the National Bank are not proportional, it will create an impression that the processes are politically motivated. According to the French ambassador, the above mentioned events have not affected the investment environment, but if the National Bank will have disproportionate sanctions against TBC Bank, it will negatively impact Georgia’s economic environment.