National Bank of Georgia outlines ongoing work on rules for factoring companies and platforms

At a workshop on factoring and supply chain finance, National Bank of Georgia Vice President Nino Jeladze outlined ongoing work on rules governing factoring companies and platforms. The bank is also supporting technological infrastructure development and increasing awareness among financial institutions and businesses. Factoring allows companies to obtain financing against receivables before customers pay, helping small and midsize businesses access working capital, manage cash flows and settle with suppliers. These preparations build on the factoring law adopted on April 6, 2026, which established the market’s legal foundation and is due to take effect on Jan. 1, 2027. The bank sought input on platform supervision in August as part of its work on the regulatory framework. Jeladze emphasized that market development also requires healthy competition, provider expertise and financial products tailored to business needs.