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TBC Bank Received 34 million USD Credit Resource

On February 28, TBC Bank has received 34 million USD credit resource from the European Investment Bank (EIB). The funds will be spent on small and medium business financing of bank clients in Georgia. “We have had successful cooperation with European Investment Bank for many years, and we are happy …

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Committee Meeting on TBC Bank Case Closed after Voting

The ongoing meeting of the parliament committee on TBC Bank case was closed after voting. Despite sharp opposition protests, Roman Kakulia, head of the parliament’s committee for sectoral economy and economic policy, put forward the issue for voting and Georgian Dream members backed the issue. Public discussions on TBC Bank …

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Non-bank Deposits Decreased by 450.6 million GEL

The total volume of non-bank deposits in the country’s banking sector decreased by 2.0 percent (exchange rate effect excluded volume of deposits decreased by 1.5 percent), or by 450.6 million GEL, compared to January 1, 2019 and constituted 22.6 billion GEL by February 1, 2019. In January, the volume of …

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Volume of Lending by Commercial Banks Decreased by 170.2 million GEL

The volume of lending by commercial banks (including loans to non-residents) in January 2019 decreased by 170.2 million GEL or by 0.6 percent compared to the previous month (exchange rate effect excluded volume of lending decreased by 0.2 percent) and constituted 26.4 billion GEL by February 1, 2019. The volume …

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EUGBC Suggests Create Monitoring Commission on TBC Bank’s Case

EU-Georgia Business Council (EUGBC) issued an official statement in regards to TBC Bank case. EUGBC expressed its support for TBC by stating that it is a company which has achieved a significant success.  EUGBC has also suggested to create a monitoring commission of the business representatives composed by 8 members …

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TBC Bank’s 2018 Profit Rises

TBC Bank Group Plc reported a 21.5 percent jump in full-year earnings, as lending remained strong on the back of a strong macroeconomic performance. TBC, Georgia’s largest retail bank, said profit rose to 437.4 million laris (126.8 million pounds) in the 12 months ended Dec.31 from 359.9 million laris a …

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TBC Bank Withdraws all Court Cases Against the National Bank of Georgia

Over the last few days, we have had detailed discussions around events concerning TBC Bank. Regarding this, NBG announces the following: Announcement from TBC Bank  Since TBC Bank takes into account the possible damage to the country’s investment image and respects the role of the National Bank, as a qualified …

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