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Forbes has Presented a New Edition of The Banker

Forbes has Presented a New Edition of The Banker

Forbes Georgia has presented a new edition of Forbes Banker. The magazine presents ongoing events in the banking sector, the results of the previous year and interesting ratings. The main theme of the second special edition is “TBC Insurance”. Paata Ghadzadze, famous banker and experienced insurer of risks is on …

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Georgia’s Growing Economy Prompts A Bank to Offer More

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Rocky beaches, lush greenery, and balmy weather has made Georgia’s Black Sea resort of Batumi one of the most sought-after vacation destinations in the region. Fifty-year-old resident Nebi Shanidze watched the tourists descend, season after season, overwhelming the few budget and mid-market hotels. He then came out of retirement to …

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VTB Bank Increased Portfolio of Preferential Agriculture Loan by 14%

VTB Bank Increased Portfolio of Preferential Agriculture Loan by 14%

VTB Bank increased portfolio of preferential agriculture loan by 14% from early this year. According to the bank, 75 projects are funded as of June 15 with a total volume of 8 million GEL. Mamuka Kvaratskhelia, head of Project Management Agency notes on the motivation of banks with state co-subsidizing …

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International Bank of Azerbaijan to Optimize Branches

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International Bank of Azerbaijan (IBAR) has announced plans for optimizing branches, based on BPM (Business Process Management) technological platform. By the end of 2017 all branches should be based on the new concept. The management of IBAR-Georgia does not know whether the regional network will be also included in the …

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BGEO Group Eurobonds Closed at 5.6% yield

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According to Galt&Taggart Bank of Georgia GEL-denominated  Eurobonds (GEBGG) were  trading  at 100.5 , yielding 10.8%, which is decreased by 0.2% . BGEO Group shares closed at GBP 37.12/share (+0.57% w/w and +1.48% m/m). More than 450k shares traded in the range of GBP 35.51 – 37.22/share. Average  daily traded volume …

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