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TBC Bank Wins Payments Awards 2018

TBC Bank’s first Georgian-speaking financial chatbot, Ti-Bot, has been named the Best Alternative Payments Project in the Payments Awards ceremony organised by FStech and Retail Systems in recognition of cards and payments excellence and innovation. Our Ti-Bot offers an innovative and safe way of transferring money via chat extension, Ti-Transfer, …

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Wheather Anaklia Seaport Drives Campaign against TBC Bank

New scandal of recent days has shaken the Georgian media, business and political circles: will the Authorities arrest TBC Bank founders and top managers? Have they genuinely engaged in money laundering? And why? What factors could trigger new scandal amid New Year celebrations on cloudless sky? In general, why was …

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Business Ombudsman: We Hope for Unbiased Investigation of TBC Case

Irakli Lekvinadze

Business Ombudsman of Georgia Irakli Lekvinadze expressed hopes that the investigation of TBC Bank case will be carried out in unbiased and transparent manner. He also expressed willingness to hold consultations with TBC Bank representatives. “The investigation should be able to pose all questions that it may have, on the …

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Bank of Georgia Appoints New General Director

More Lari Appreciation is not a Good Idea, NBG should Purchase More USD

Archil Gachechiladze has been appointed as a new director of Bank of Georgia. He has replaced Kakha Kiknavelidze on the mentioned position. Neil Janin, Chairman, commented: “I am delighted that we are appointing Archil as CEO, after he thoroughly impressed all Board members during a comprehensive search conducted by the …

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New Landing Regulations Came into Force

Russia Ranks First in Terms of Money Transfers to Georgia

Starting January 1 the National Bank introduced new regulations as part of a program to introduce responsible lending and reduce the excessive indebtedness of the population. From now on insolvent citizens will not be able to take loans. Apart from that,  loans will be issued based on the financial condition …

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TBC Bank Being Investigated by Georgia National Bank

TBC Bank Group Plc said on Wednesday that its unit was being investigated by the National Bank of Georgia (NBG) and the country’s office of public prosecution, relating to certain transactions that took place in 2007 and 2008. The investigation alleges that certain transactions between TBC Bank’s unit in Georgia …

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TBC to Face International Competition by Entering Uzbekistan

One such player that has already thrown its hat into the ring is TBC Bank, Georgia’s largest lender. CFO Giorgi Shagidze agrees that the bank’s hard-won experience in its home market will give it a competitive edge in Uzbekistan. “The current reform drive in Uzbekistan resembles that of Georgia,” he told  Euromoney. …

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Summary of Gross External Debt of Georgia

Gross external debt statistics are harmonized with BOP statistics. They include both public sector (general government, public corporations and national bank) and private sector (banking and other sectors) external debt. External debt statistics are compiled according to the methodology provided by the IMF’s “External Debt Statistics: Guide for Compilers and …

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TBC Enters Uzbekistan Market

TBC Bank is getting ready to launch operation on the Uzbekistani market and introduce its digital neobank – Space, Giorgi Shagidze, TBC Bank financial director told Euromoney. Georgia’s first 100% digital bank was introduced in May 2018, including a remote opening of a bank account, option for attaching all bank …

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Finance Sector Hails Cartu Foundation for Transaction of the Year

The year 2018, which was previously announced as the year of financial education, brought some special benefits to 600 000 borrowers, as their debts were annulled. The Cartu Foundation bought off bad loans from the bank as well as nonbank organizations, and all debts were written off. The CreditInfo database has …

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