None of the applications on banking activity is any longer submitted to the National Bank of Georgia.
Koba Gvenetadze, President of NBG announced on the plans of newly licensed Credo at the presentation of dictionary on banking terminology.
He noted that the former micro finance organization will be suited to the banking system well with an accumulated experience from 2007, which enable the bank to operate successfully.
The bank is focused on funding small and middle sized businesses. To remind, Credo obtained license on banking activity on March 20. JSC Credo has 62 branches in Tbilisi and 10 regions of Georgia.