While we do not have specific details, we understand that the NBG is doing its job as the financial supervisor within the scope of its responsibilities, - Francois Painchaud, IMF Resident Representative in Georgia said in response to a question related to TBC Bank.
According to him, not taking action when the legal framework calls for action would damage the credibility of the financial supervisory framework and the NBG as an effective supervisor.
“Let me finally note that TBC bank is financially strong and well-capitalized. As far as we understand, there are no concerns at this stage about the financial soundness and stability of TBC bank”, - Francois Painchaud said.
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