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.