The "Citizens" party files a lawsuit against Liberty Bank for pension loans

Today, the "Citizens" party will file a lawsuit against Liberty Bank in court regarding pension loans, "Citizens" party deputy Ketevan Turazashvili said at a briefing.

According to her, this lawsuit is a new way to get rid of all the cheated pensioners.

"Our lawsuit is about "overdrafts." This is the banking product that is the most expensive and the bank employees did not explain to the pensioners what dangers it contained. They did not explain that if they paid the amount every month, it would only go to the bank's service fee and nothing would be deducted from the principal. For example, if they took a loan of 1500 GEL, after 3-5 years they would have to return 1500 GEL again. Pensioners themselves call "overdraft" "debt for the rest of their lives" because they believe that they cannot pay it back themselves," said Turazashvili.