According to the President of the National Bank of Georgia (NBG), loans should be cancelled for the flood victims, especially in cases when the solvency is zero.
George Kadagidze says that the National Bank is involved in the process, the process of inventory and lists verification entered the final phase.
“Banks will make statements in the coming days, individual approach will be the most optimal. Loans will be cancelled for the customers with virtually zero solvency, it’s irrelevant to speak about interest and penalties especially for consumer loans. Banks social responsibility in this case is very important “, – Kadagidze adds.