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A Conversation with Larisa Makarova, VISA’s Risk Services Director – Georgia is Already in the Future

Last month, Georgia’s capital Tbilisi hosted two significant events:  VISA Risk Executive Council and  the Security Summit. Both events discussed key focus in risk management , current worldwide trends and fraud  prediction techniques, and showcased VISA’s most advanced technologies and innovative practices  to make payments even more secure.. VISA sees …

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PASHA Bank to Partner Caspian Energy Georgia’s new Project

PASHA Bank to Partner Caspian Energy Georgia’s new Project

This year Caspian Energy and Caspian European Club opened their representation in Tbilisi – Caspian Energy Georgia. The latter will be engaged in arrangement of business forums, CEO lunches, trainings, seminars, round tables and other business activities. Caspian Energy is an international journal spread in over 50 countries of the …

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Moody’s Upgrades TBC Bank Credit Rating

Moody’s Investors Service (Moody’s) has announced today that it has upgraded the credit rating of JSC TBC Bank (“TBC Bank”), subsidiary of TBC Bank Group PLC. The Bank’s local-currency deposit rating has been increased to Ba2 from Ba3 and its foreign-currency deposit rating to Ba3 from B1. The ratings continue …

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TBC Group to Create Information Technology Platform in Georgia

TBC Group to Create Information Technology Platform in Georgia

TBC Group is going to create technology platform in Georgia, – founder of TBC Group has announced it while talking about the business support project. Mamuka Khazaradze considers this initiative interesting and important. “It seems very interesting to me and we are going to establish centre on the project, where …

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TBC Bank’s Market Capitalization Declines

Price of TBC Bank shares (TBCB LI) has increased at London Stock Exchange (LSE). Last week the maximum price rose to 16.85GBP In the reporting period trading sessions closed at 16.2 GBP (+0.12 week on week; -0.61% month on month). Deals were made on 131 000 shares. Over the past …

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London Stock Exchange Makes Deals on 456 000 BGEO Shares

Price of Bank of Georgia shares (BGEO LN) at London Stock Exchange (LSE) made up 32.92-34.83 GBP (L/m – GBP34.25 – 35.90). The price declined by 4.3% week on week, by 7.84% month on month. According to G&T analytics, deals were made on more than 456 000 shares (60 000 …

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Terabank Vake Branch Has Renewed According to the Financial House Concept

Another branch of Terabank has been renewed according to the concept of Financial House. The Vake branch has changed its location and now you can get banking services in a house-style environment on 33 Chavchavadze Avenue. ”My Financial House”-this is the communication message of Terabank, that is why the conditions …

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TBC Bank Expands GEL-denominated Loan Portfolio

TBC Bank Expands GEL-denominated Loan Portfolio

TBC Bank has shrunk dollarization coefficient in loan portfolio. Retail loans portfolio constituted 4.257bln GEL as of August 1 (H1/2017 – 4.216bln; +1% m.m). GEL-denominated loans portfolio has risen to 2.1bln GEL. Retail portfolio dollarization coefficient is 50.7% (01.06.2017 – 51.8%). Billion Loans 7.493 Including Retail Loans 4.257 Retail Currency …

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NBG Keeps Its Policy Rate Unchanged At 7%

NBG

The Monetary Policy Committee (MPC) of the National Bank of Georgia (NBG) met on September 6, 2017 and decided to keep the refinancing rate unchanged at 7 percent. The inflation dynamics is in accord with the existing forecast. The annual inflation in August has decreased to 5.7%. According to the …

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