HEAD OF GEORGIAN DEPOSIT INSURANCE AGENCY: AGREEMENT REACHED WITH NBG ON RESOLUTION FUND

After introduction of the banking resolution framework by the National Bank of Georgia (NBG), consultations were started about pass of the resolution fund into investment management by the Deposit Insurance Agency, said head of the Agency Levan Todua.

According to Todua, an agreement has been reached at the moment, and work is underway to prepare a legal framework for this decision.