National Bank President Introduces Ukrainian vice Prime Minister with Georgian Experience in Bank Sector Regulations

Giorgi Kadagidze, president of the National Bank of Georgia (NBG), introduced Ukrainian vice Prime Minister Sergey Tigipko with the Georgian experience in the bank sector regulations as part of the meeting at NBG on July 16. Tigipko also received information on implemented reforms in NBG and the new instruments for the bank sector.

"The Ukrainian delegation has arrived to get acquainted with the reforms our country has implemented for the last period. The National Bank of Georgia (NBG) considers the meeting of particular importance, because Mr. Tigipko chaired the central bank of Ukraine previously. Therefore, the meeting is of higher interest for us", Giorgi Kadagidze noted.

"I see we have a lot of common. The fact is it makes no sense to have either foreign or domestic capital without the efficient and real bank sector. Even more so it will take much time to form stock markets. The bank systems determines a lot of things and we should jointly elaborate required approaches", Sergey Tigipko noted.