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Special Report

May 15, 2018

Previous Issues:  Days: < 10 14 15 13 15 > 

 

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legislation

    TAX & LAW BRIEF

    PwC Georgia

    IMPORTANT AMENDMENTS TO THE ORDER №49/04 OF THE NATIONAL BANK OF GEORGIA

    Starting from 7 May 2018, new requirements apply to commercial banks while issuing loans to customers. According to the amendments:

    - Banks shall assess customers’ (individuals, legal entities, organizations that are not legal entities) creditworthiness (income, expenditures, total liabilities) and all additional factors that might negatively affect customers’ liabilities.


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