The Prime Minister of Georgia urged related state authorities to continue talks on updated conditions on interest rates for loans issued to pensioners. The relevant statement Irakli Kobakhidze made at today’s Government meeting.

He once again thanked Liberty Bank for making the decision to lower interest rates on loans taken by over 150,000 pensioners, saying the Bank had showed “high social responsibility” with the move.

“We understand the Bank has commercial interests. However, it has also shown a high level of social responsibility by reducing the interest rate by a few percentage points”, - added the Prime Minister.

Talks involving Irakli Kobakhidze, Natia Turnava, the Acting Governor of the National Bank, and Beka Gogichaishvili, the Chief Executive Officer of Liberty Bank, last week resulted in the reduction of the interest rates for pensioners.