Home / Banking

Banking

Director of ProCredit Bank: We Funded 872 SME Projects in Partnership With EIB

Director of ProCredit Bank: We Funded 872 SME Projects in Partnership With EIB

ProCredit Bank hosted the delegation of the European Investment Bank at the central branch in Batumi. Financial institutions have discussed successful projects implemented within the framework of the multi-year partnership. The meeting was attended by Janos Herman, the EU Ambassador to Georgia and other representatives of the diplomatic corps. Dimitri …

Read More »

Georgian Harvard Graduate Leading Kazakhstan Bank

Mikheil Lomtadze leads ”Kazakhstan Bank” since 2008. The Chief Executive Officer has introduced innovative ecosystems long time ago,which allows a client to pay taxes, purchase products at online-stores, compare prices and benefit loyalty programs. According to the bank’s information,nowadays Kaspi system has 20% of non-food products, while the bank has …

Read More »

PASHA Bank Traditionally Joined USA Independence Day Celebration

PASHA Bank Traditionally Joined USA Independence Day Celebration

PASHA Bank, Baku-based financial institution providing corporate and investment banking services in Azerbaijan, Georgia and Turkey, took part in the celebration of the independence day of the United States of America organized by American Chamber of Commerce in Georgia. For the third year in a row, the Bank sponsored the …

Read More »

Only Two Commercial Banks Record Negative Coefficient of Profitability

Only two commercial banks record negative profitability coefficient on Georgian banking sector (ROA – return on assets; ROE – return on equity). In the same period of 2016, both commercial banks had positive indicators. Turkish  İşbank started operation in Georgia after it opened a branch in Batumi. The body obtained …

Read More »

Banking Sector’s Demand for Liquidity Grows

The banking sector’s demand for liquidity grows. The 100% coefficient has been determined and commercial banks are obliged to protect it starting September 1. Modified prudence norm calls for maintaining corresponding liquid assets on short-term obligations. Under the applied regulations, correlation of a bank’s liquid resources in relation to liabilities …

Read More »

PASHA Bank – Partner of Green Party by OK Georgia Magazine

PASHA Bank – Partner of Green Party by OK Georgia Magazine

OK Georgia Magazine held a Green Party at Tbilisi Gardens, organized with the support of the Ministry of Environment and Natural Resources Protection of Georgia, and in partnership with PASHA Bank. The event was attended by Georgian government officials, representatives of the business, show-business and media sectors. Guests of the …

Read More »

Leading Commercial Banks Raised Interest Rates on Deposits in GEL

Leading commercial banks have raised interest rates on GEL-denominated deposits, but lowered the rate on foreign currency denominated deposits. Currently, yield on GEL-denominated retail deposits accounts for 9.8%; foreign currency denominated retail deposits – 2.9% (01.01.2016: 9%; 3.4%) According to the national bank statistics, for legal bodies, annual interest rate …

Read More »