About of :The Deposit Insurance Agency (DIA) is an independent public law legal entity established in Georgia. Its primary function is to insure deposits held in all commercial banks and microbanks operating in Georgia, covering both resident and non-resident individuals. In the event of liquidation proceedings against a bank, the DIA ensures the reimbursement of depositors' funds within a set limit and timeframe. The agency operates under the oversight of a supervisory board composed of ministers and representatives from the National Bank and commercial banks. The deposit insurance system is a crucial component of financial stability, protecting depositors from losing their funds and is implemented in 147 countries worldwide.
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