კონფერენცია

∘ IVAN LUCHIAN ∘ ANGELA FILIP ∘
FINANCIAL TRAPS OF BANKING PRODUCTS

Summary

Banking product is the result of the shape of goods offered for sale to customers in the banking market. In the narrow sense, it is the material made banking service and, more broadly, it is the result of banking, bank service provision, a complex of customer service activities, bearing additional character. The banking industry has created a wide variety of complex products designed to meet the interests and needs of banking customers. However, under certain conditions, banking products may become financial traps, if clients are exposed to the abuse of the bank, without infringing the law. Problems are caused by financial, economic, legal and psychological aspects of the use of these financial instruments. This article investigates main troubles, which is facing.

Ivane Javakhishvili Tbilisi State University Paata Gugushvili Institute of Economics International Scientific C O N F E R E N C E S "ECONOMY – XXI CENTURY"

E ISSN 2587 - 4691	∘ IVAN LUCHIAN ∘ ANGELA FILIP ∘ FINANCIAL TRAPS OF BANKING PRODUCTS Summary Banking product is the result of the shape of goods offered for sale to customers in the banking market. In the narrow sense, it is the material made banking service and, more broadly, it is the result of banking, bank service provision, a complex of customer service activities, bearing additional character. The banking industry has created a wide variety of complex products designed to meet the interests and needs of banking customers. However, under certain conditions, banking products may become financial traps, if clients are exposed to the abuse of the bank, without infringing the law. Problems are caused by financial, economic, legal and psychological aspects of the use of these financial instruments. This article investigates main troubles, which is facing.