Georgia, Tbilisi, September 3 / Trend , N.Kirtzkhalia /
The banking sector returns to the pre-war level of development (Georgian-South Ossetian conflict), economic development minister Zurab Pololikashvili said to press conference on September 2.
He said that the ministry welcomes the new initiative of the Bank of Georgia in connection with the increase in limits for mortgage loans. The minister described this decision as a positive step and said that this initiative indicates stable economic development.
"We welcome Bank of Georgia's increasing the limit on mortgages, and we believe that the Georgian banking sector is gradually moving to the situation as of August 7, 2008, which in turn enhances the activity in different spheres of economy and increase the stability of business," said Pololikashvili .
He also called on other banks in the country to follow the example of Bank of Georgia.
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