President of the
Association of Banks of Georgia Alexander Dzneladze calls on networks of electronics
stores to be careful when introducing an internal installment
“The internal installment poses the same risks as bank loans, with the difference that financial institutions are engaged in issuing loans while for electronics stores it is an innovation. It is unknown how they will succeed with the administration and whether they will be able to solve problems with bad loans. Given all this, retail chains should be as careful as possible,” Alexander Dzneladze says.
Electronics stores spoke about the back in October 2018, when it was reported that the central bank planned to introduce new regulations.