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Monthly Archives: March 2016

Commercial Banks Raise Interest Rates on Individual Loans

Commercial Banks Raise Interest Rates on Individual Loans

Commercial banks have raised interest rates on individual loans. Namely, in February the annual interest rate on a long-term (+10 years) GEL denominated mortgage loan made up 15.71% on average, up 204 base points compared to the previous month (13.67% as of 01.01.2016). The auto loan (up to 10 years) …

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With A Georgian Passport Travelers can Enter 67 Out of 218 Countries

When it comes to crossing international frontiers, there’s one travel document that opens more doors than any other. With a Georgian passport, travelers can enter 67 out of 218 countries and territories without a visa, according to the 2016 Visa Restrictions Index. German citizens, it seems, have the potential for the greatest …

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Georgia’s Sovereign Bonds Rise in Price

The price of Georgia’s sovereign bonds has increased to 105.2 USD (w.w). Last week (15-20 February), the yield on Georgia’s sovereign bonds marked 5.7% (L/w – 5.8%). The yield on GEORG bonds rose by 0.6% (L/w –USD 104.6). Different trends are demonstrated by bonds of the neighboring countries. Namely, Azerbaijan’s …

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Price of TBC Bank Shares Grows at London Stock Exchange

Price of TBC Bank Shares Grows at London Stock Exchange

The price of TBC Bank shares (TBCB LI) at the London Stock Exchange (LSE) has increased. In the previous week, the TBC Bank shares were traded at 8.75 USD-10.35 USD. The session week closed by 9.04 USD (+0,44%  w/w;  -10,5% m/m).  During the reporting week deals were made on more than …

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