The Central Bank of the Republic of San Marino signs a memorandum of understanding with the National Bank of Georgia (NBG)

The Central Bank of the Republic of San Marino (CBSM) is pleased to announce that, on 3 June, 2024, it successfully concluded and signed a Memorandum of Understanding (MoU) with the National Bank Of Georgia (NBG). The MoU establishes a framework of bilateral cooperation between the two Authorities in the carrying out of their respective functions and duties. It also provides for the exchange of information and mutual assistance in matters related to the supervision and regulation of banking, financial and insurance activities.
The agreement was signed by Ms. Natia Turnava, Acting Governor of the NBG, and Mr. Andrea Vivoli, General Manager of the CBSM.

Ms. Turnava stated that: “The Memorandum of Understanding between the National Bank of Georgia and the Central Bank of San Marino lays a solid foundation for deepening cooperation in the development of financial products, services, and institutions and the exchange of information on financial supervision. This MoU highlights the importance of robust cooperation in an increasingly interconnected global financial environment. It is a significant step towards reinforcing our collaboration in providing state-of-the-art financial services in our countries.”

Mr. Vivoli welcomed the signing of the MoU saying: “The signing of the Memorandum of Understanding with the National Bank of Georgia enables the Central Bank to strengthen its international relations, facilitating both the exchange of information for supervisory purposes and the sharing of analyses and studies conducted on Fintech and Blockchain technology, which represent the new frontier of banking and financial intermediation".