The National Bank of Georgia held a working meeting with microfinance sector stakeholders to review microfinance organisations’ financial performance, discuss current challenges, and outline areas for continued cooperation. The discussion covered legislative initiatives to raise the microcredit limit and introduce additional regulatory requirements, including potential updates related to microfinance organisations’ regulatory capital. The National Bank also highlighted planned amendments to the framework governing the supervision and regulation of microfinance institution activities, with a focus on corporate governance and operational risk management. The central bank indicated that similar engagements with the microfinance sector are expected to continue.
National Bank of Georgia 2025-05-16
National Bank of Georgia briefs microfinance sector on planned microcredit limit increase and new governance, risk and capital rules
The National Bank of Georgia convened with microfinance stakeholders to assess financial performance and discuss challenges, focusing on legislative initiatives to raise the microcredit limit and enhance regulatory requirements. Planned amendments will address corporate governance and operational risk management. The central bank anticipates ongoing engagements with the sector.