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Economic Press Monitor: Finances & Banking
April 16, 2018


KVIRIS PALITRA: “SOON, ONLY BANKS AND USURERS WILL REMAIN”

Irakli Berdzenadze, head of Non-Banking Financial Institutions Association, points that after National Bank of Georgia (NBG) toughened regulation for online crediting organizations, about 60% of these organizations left the market.

According to CreditInfo Georgia (credit bureau), 46 online crediting organizations used their service in 2016, while in 2017 – only 22.

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