Tbilisi (GBC) - The National Bank of Georgia (NBG) fined Microfinance Organization "Family Credit" with 10,000 GEL. According to the NBG, in the case of MFO, 3 (three) cases of non-submission of reports above the limit to the Financial Monitoring Service of Georgia were identified.
"During the inspection period, there were 2 (two) cases of incorrect submission of requested information/documentation by the microfinance organization to the National Bank of Georgia during the inspection period. In accordance with Article 3, Clause 3, Sub-Clause "P", the microfinance organization is fined in the amount of 2,000 (two thousand) GEL for each violation. And, for 2 (two) cases of the mentioned violation, a total of 4,000 (four thousand) GEL.
In total, Microfinance Organization "Family Credit" LLC was fined - 10,000 (ten thousand) GEL," - NBG statement reads.
The owners of Microfinance Organization "Family Credit" LLC are: Vitaly Rulevsky (25%, citizen of Ukraine), Vasyl Antemiichuk (25%, citizen of Ukraine), Nino Dzhelzedze (17%), Lia Maghularia (17%) and Vakhtang Khetsuriani (16%). The director of the microfinance organization is Diana Balkhamishvili.