The National Bank of Georgia creates a Credit Register
The purpose of the Credit Register is to facilitate the effective implementation of the supervisory functions of the National Bank.
Commercial banks and credit organizations will have to transfer data to the National Bank of Georgia for the Credit Register every month, according to the decree of the President of the National Bank Koba Gvenetadze.
The purpose of the Credit Register is to facilitate the effective implementation of the supervisory functions of the National Bank.
According to the document, the register will allow assessing risks in credit institutions at the individual and consolidated levels.
In addition, the register will allow monitoring the dynamics of loan portfolios, monitor credit institutions from the point of view of the regulatory framework and improve the process of analyzing credit risk by increasing the availability of data.
According to the order, the Credit Register will allow providing periodic statistical information to the International Monetary Fund and other international financial organizations.
Also, the purpose of the Credit Register is to ease the reporting burden for commercial banks and other credit organizations participating in the Credit Register by providing them with the opportunity to send mandatory reports in an efficient and simple way.
Sputnik-georgia.ru
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The National Bank of Georgia creates a Credit Register
The purpose of the Credit Register is to facilitate the effective implementation of the supervisory functions of the National Bank.
Commercial banks and credit organizations will have to transfer data to the National Bank of Georgia for the Credit Register every month, according to the decree of the President of the National Bank Koba Gvenetadze.
The purpose of the Credit Register is to facilitate the effective implementation of the supervisory functions of the National Bank.
According to the document, the register will allow assessing risks in credit institutions at the individual and consolidated levels.
In addition, the register will allow monitoring the dynamics of loan portfolios, monitor credit institutions from the point of view of the regulatory framework and improve the process of analyzing credit risk by increasing the availability of data.
According to the order, the Credit Register will allow providing periodic statistical information to the International Monetary Fund and other international financial organizations.
Also, the purpose of the Credit Register is to ease the reporting burden for commercial banks and other credit organizations participating in the Credit Register by providing them with the opportunity to send mandatory reports in an efficient and simple way.
Sputnik-georgia.ru
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