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Daily Archives: January 6, 2015

Zurab Gvasalia head for Association of Banks of Georgia Assessing 2014

Zurab Gvasalia head for Association of Banks of Georgia Assessing 2014

The year of 2014 has turned out successful for the Georgian bank sector, first of all, in terms of public confidence and this is a significant factor for commercial banks. Unlike nonbank credit institutions, commercial banks represent an important sector for deposit liabilities. A growth in nonbank deposits placed in …

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West Texas Intermediate (WTI) Oil nears $49 a barrel

West Texas Intermediate oil futures fell further below the $50-a-barrel level on Tuesday, as lingering concerns over a glut in global supplies continued to weigh. On the New York Mercantile Exchange, crude oil for delivery in February lost 78 cents, or 1.56%, to trade at $49.26 a barrel during European morning …

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