Georgian President urges banks not to withdraw housing for debt

Georgia, Tbilisi, June 16 / Trend N. Kirtzkhalia / Georgian President Mikheil Saakashvili urged the banks not to withdraw housing for debt. The banks have actively begun the process of expropriating the mortgaged housing, Georgian President Mikhail Saakashvili said at the opening ceremony of the cash center of the National Bank of Georgia yesterday. "The banks withdraw apartments for unpaid credits," he said. "As a result, people live under the open sky. A large group of people that turns into beggars is being created in the country. This may have negative consequences." "Do not do this to get an extra number of hungry and humiliated," he said. "Be careful, otherwise you will get the anti-bank attitude. Do not pursue a small profit. One must not get the benefit by making someone poor." Do you have any feedback? Contact our journalist at agency@trend.az