National Bank of Georgia (NBG)
Tbilisi, GeorgiaThe National Bank of Georgia (NBG) is the central bank of Georgia and financial sector regulator. The NBG exercises supervision over the financial sector for the purposes of facilitating financial stability and transparency of the financial system, as well as for protecting the rights of the sector’s consumers and investors.
Geographical Jurisdiction
GeorgiaWe regulate Banks, Non-Banking Institutions (Micro Finance Organisations, Credit Unions, Loan Issuing Entities, Currency Exchange Units and Credit Information Bureaus) and Securities Market Participants.
- Guidance on the application of laws and rules to innovative business models
- Support with authorisation to operate in our jurisdiction
- Live Sandbox testing environment
- Waivers or exemptions, for any entity meeting certain criteria
- Engagement with firms on regtech and suptech solutions
- Engagement with innovators and/or other third parties (e.g. academics, consultants and other organisations)
- Facilitating hackathons, TechSprints or similar events
Focus Area
- The product/service is innovative for the local market and significantly improves effectiveness and availability of financial products/ services;
- Improves risks management effectiveness of financial institutions;
- Provides significant additional benefit for customers;
- Contributes to increasing financial inclusion.
