It is very important the banks to be able to operate in the country, but it is also important to control the banks, - Ambassador of Germany to Georgia Hubert Knirsch told reporters on Monday. The Ambassador also noted that he trusts the National Bank and its competence.

"It is very important the banks to be able to operate in the country, but it is also important to control the banks. I trust the National Bank and its competence, "the Ambassador said.

The National Bank of Georgia (NBG) gave TBC Bank’s shareholders two months notice to remove the Chairman of the Supervisory Board, Mamuka Khazaradze and his deputy Badri Japaridze from the Supervisory Board. The NBG says its decision is linked with the cases of violations of the legislation related to the conflict of interest in transactions of 2007-2008, detected during the examination of the TBC Bank’s accounts.