International financial-loan institutes actively buy Georgian banks' shares
Georgia, Tbilisi, June 5 / Trend N. Kirtskhalia /
International financial loan institutes buy shares of commercial banks of Georgia. Local bankers are satisfied with this situation, Imedi TV Company said.
Process of alienation of shares strengthened after August war of 2008 and world financial economic crisis. Foreign incomings in Georgia's bank system are necessary as local banks can not increase liquidity independently, Georgian experts said.
Presently, six biggest international financial-loan structures own 65 percent of shares of Georgia's commercial banks. These six structures include EBRD, the international finance corporation and banks of Germany, Holland, the USA and Great Britain.
Presently, ТВС-bank (20 percent), Basis-bank - 15 percent, bank of Republic - 10 percent, VTB-bank - 9 percent yield their shares of the European Bank for Reconstruction and Development. EBRD will be owner of 5 percent of the Bank of Georgia's shares in the nearest time.
The national bank of Georgia considers intensive entry of foreign banks in the country as defensible, first, from the point of view of liquidity, second, entry of additional financial resources in the country.
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