IBAR Office told the APA that the subsidiary's office in Tbilisi is under repair. As per the legislation, IBAR-Georgia has to begin receiving savings, but will provide other banking services like loaning, currency transactions, money transfer etc.

The National Bank of Georgia granted a license to IBA-Georgia on Feb. 7. IBAR Credit Officer Samir Valiyev was appointed as Director General of IBA-Georgia.
The subsidiary's nominal capital is 12mln lari.