The FINANCIAL — The Georgian Banking Training Centre in cooperation and with the financial support of the Greek Government and Hellenic Aid trained 58 representatives from Georgian banks under the programme named Training of Trainers for the Banks of Georgia. The participants were trained by professors from the University of Piraeus.
“Implementation of the programme started after the post-war period in September, at that period banks had cut their discretion funds and something had to be done about the existing gap. By carrying out the project we filled the vacuum,” says Levan Gogoladze Director of the Georgian Banking Training Centre.
“I believe that by getting young, ambitious people trained in the banking system in this fast growing sector in a uniquely created democracy is the best way to give them the necessary tools and leverages to help not only themselves but their own country to create necessary infrastructure,” says Georgios Chatzimichellakis, the Ambassador of Greece in Georgia.
“There are lots of ways to achieve success, however, the guideline for this success is the qualification and constant improvement in qualification, in the banking sector this plays a vital role.
There are constant changes happening in the banking environment and therefore banks’ staff are in the process of constant training. The fact that we trained 58 bank employees for the Georgian banking system is by no means a low indicator.
However, such high scale projects are connected with high costs and financing from donors is very important,” says Zurab Gvasalia, President of the Association of Banks of Georgia.
ToT sessions were held in 3 training phases by developing three subject areas: Human Resources Management, International Financial Reporting Standards and Retail Banking.
In total 58 members of middle and top management from different banks participated in the ToT session.
Moreover, within the framework of the programme 9 selected participants participated in a study visit to Greece. The participants visited banks’ training centres and participated in a special training on Training Methodologies and Techniques.
“Georgia’s banking sector is a fast growing industry. New needs, new products and new customers are entering the market. Moreover, the international environment for banking is becoming increasingly more complex,” says Joseph Hassid, coordinator of the programme.
“Our common vision is to contribute to Georgia’s banking sector for human resources sustainable development and thus, to support the sector and the county’s international competitiveness and development by creating beneficial spillovers. Moreover, we are strengthening relations and economic links between Greece and Georgia,” says Hassid.
The 58 representatives of banks that have actively participated in the projects will then train their colleagues.
“With the gained experience from ToT sessions we have already trained 41 people at TBC Bank. Moreover, during an overview of the banking environment the Bank used some of its knowledge during the Thank You Week,” says Tata Kurtanidze, Retail Banking Deputy Manager at TBC Bank.
“The Greek bank sector is a leader in the sphere of small and medium size business development. Banks in Greece act not only as banks but as consultants for people. This will be useful experience to implement in Georgia,” says Kurtanidze.