In the second quarter of 2019,
foreign direct investment (FDI) in the financial sector decreased by $ 93
According to President of the Association of Banks of Georgia Alexander Dzneladze, a decline in capital flows was mainly observed in the non-banking sector. In his opinion, the introduction of lending regulations, namely the limit set on the maximum interest rate ceiling decreases the investment attractiveness of MFOs and online credit companies.
National Bank of Georgia (NBG) reports that microfinance organizations operating in the country closed the half year with a net loss of GEL 80 million.