Natia Turnava, President of the National Bank of Georgia (NBG), held a meeting with Sergei Kotov, Managing Director for Eastern Europe and Eurasia at BNY (The Bank of New York Mellon Corporation).

According to the National Bank, the meeting was also attended by Ekaterine Mikabadze, First Vice-President of the National Bank of Georgia, and Aleksandre Khazaradze, Head of the Financial Markets Department.

The central focus of discussions was the development of cooperation between BNY and Georgia’s financial sector, in particular, the expansion of partnerships with the country’s leading commercial banks: Bank of Georgia, TBC Bank, Basis Bank, Liberty Bank, Terabank, and Khalik Bank Georgia. The parties reviewed the progress achieved since BNY’s entry into the Georgian market in 2024 and discussed the prospects for deeper engagement.

Particular attention was devoted to potential collaboration in the areas of foreign reserve management, custody services, and liquidity management solutions. The meeting also touched on Georgia’s macroeconomic outlook and current developments within the financial sector. The National Bank’s President took the opportunity to highlight the country’s robust macroeconomic fundamentals, the resilience of its banking system, and the reliability of its regulatory and compliance framework, including its high standards in anti-money laundering (AML) and financial stability.

“Georgia continues to offer a stable and attractive environment for international financial institutions. We welcome further engagement with global partners, particularly in areas that support the development of financial markets and the efficient management of reserves,” said Natia Turnava.

Sergei Kotov expressed a positive assessment of BNY’s business relationships in Georgia, underscoring the institution’s commitment to expanding cooperation with both the commercial sector and the National Bank. He emphasised BNY’s readiness to support the development of financial infrastructure and services in the country.

According to the NBG, both parties affirmed their intention to continue their collaboration and to explore further opportunities for integrating Georgia’s financial system into global markets.