IBA-Georgia’s license revoked

IBA-Georgia’s license revoked
  • Clock-gray 12:44
  • calendar-gray 25 July 2018

IBA-Georgia’s license was revoked, National Bank of Georgia reported.  


According to the information, the bank is in liquidation process and Roin Tsatsiashvili was appointed as a liquidator to the bank.


IBA-Geogria will turn into a non-banking organization in the liquidation process. Aftetr completion of the process, liabilities of creditors and depositors will be completely fulfilled. To get back secured deposits, depositors should apply to Georgia Deposit Insurance Agency, to get back unsecured deposits – to R. Tsatsiashvili. 

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