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Daily News: Economics
January 12, 2021


NBG: COMMERCIAL BANKS ARE EXPECTED TO START IFRS-BASED REPORTING AFTER Q1

National Bank of Georgia (NBG) said that it has accomplished by the end of 2020 key works on transition to International Financial Reporting Standards (IFRS).

Commercial banks of the country are expected to start submitting (voluntarily) IFRS-based financial statements after the 1st quarter of this year, the NBG pointed.

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