Finance Minister : There is no need to revise bank regulations

At this stage there is no need to revise bank regulations, - Finance Minister Ivane Machavariani told journalists after the committee hearing on Tuesday. The Minister is convinced that in case of necessity, the National Bank will review the regulations. According to him, there is not enough time to assess the results of the regulations.

"I believe that if the NBG sees the need, it will revise the regulation. The assessment of the outcomes is possible at least 6 months after setting the regulations. According to current data, business loans, as well as consumer and mortgage loans continue to rise. If we see that there is a slowdown due to the regulations, all will find the strength to revise the regulations. At this stage there is no need, let’s wait for the further developments, " said the Minister.