Bank of Georgia: Georgia’s securities market has prospects of development

Bank of Georgia: Georgia’s securities market has prospects of development

access_time2019-05-15 14:14:58

Georgia’s securities market has prospects of development, including with the support of banks, Archil Gachechiladze, General Director of Bank of Georgia, says.

In his opinion, the situation on the stock market is more complicated which can be developed only in case of the rapid economic growth.

“I believe that Georgia’s securities market has the prospect of development, including with the support of commercial banks. Tomorrow of the banking system is such that risks should be distributed among investors, wealthy people who want to pour  their money in business. Bonds are good in both directions and  we are set to actively support the growth of the bond market. What is good for business cannot be bad for banks, we welcome all activities  aimed at forming this market segment, ” the bank CEO explains.

He notes that  the widespread opinion as if banks are the main obstacle to the development of the securities market is not true  that consider  alternative sources of financing as a threat to their incomes.


“I was directly involved in the creation of  a stock exchange, in the development of which millions were invested. The National Bank helped us  develop the local  bond market, and is now ready to do everything to boost the development of the securities  market. Given that the National Bank regulates commercial banks, its willingness to boost  the securities market excludes any resistance  from commercial banks. While  the situation on  the stock market is more complicated because  it  can exist only in a progressing economy,  ”Archil Gachechiladze says.



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