The upper limit of the pension loan interest to be reduced to 26%

A meeting concerning the issue of pension loan interest was held at the Government Administration. After the end of the meeting, it became known that the upper limit of the pension loan interest will be reduced to 26%.

According to the decision, the potential selected bank for the pension distribution service will be paid GEL 15 million by the state for one year.

As the MPs noted after the meeting, a competition for banks will be announced at the end of February, where it will be determined which bank will distribute the pensions. According to them, Liberty Bank and Bank of Georgia have expressed interest at this stage.

According to Irakli Zarkua, a member of parliament from the Georgian Dream, a pensioner will also be able to receive a pension from another bank, preferred by him/her.