Liquidation process of IBA Georgia starts

Liquidation process of IBA Georgia starts
  • Clock-gray 16:26
  • calendar-gray 23 July 2018

Liquidation process of IBA-Georgia has started.


According to Georgian Business Consulting, National Bank of Georgia has sent a liquidator to the bank.


IBA-Georgia has been in self-liquidation mode and the portfolio was managed by the company during a few months.


Currently, the bank has totally GEL 100,000 of unpaid loans and term deposits in correspondent accounts.


IBA-Georgia has already selected a contractor and paid liabilities to Vano Chkhartishvili’s family and shareholders. 

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