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Price of Shares of Georgian Companies Declines at LSE

According to Galt&Taggart investment company, price of shares of Georgian companies declined in the previous week. TBC Bank shares saw major contraction. Trades on BGEO Group shares closed at the price of 33.92 GBP, down 6.17% week on week and down 3.77% month on month. Deals were made on 252 …

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Lado Gurgenidze remains in Liberty Bank Supervisory Board

Georgian ex-premier and famous banker Lado Gurgenidze remains in Liberty Bank’s supervisory board. While supervisory board has three new members- Irakli (Otar) Rukhadze, Giorgi Kalandarishvil and David Shonia. The decision was already taken at the Supervisory Board meeting. We remind you that the control package of the bank is owned …

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TeraBank Renovates Melikishvili Branch

TeraBank Renovates Melikishvili Branch

Under the concept of Finance House, TeraBank has renovated one more branch. The bank’s commercial director and the branch’s manager cut red ribbon at Melikishvili Avenue N8/2. Starting today you are able to visit the renovated branch on Melikishvili Avenue and receive entirely different banking services. Cozy environment, warm colors …

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Bank of Georgia is Leader in Crediting Development Sector

Development sector crediting portfolio has increased up to 837mln GEL in Georgian banking sector (1.819bln GEL in 1Q17). As of July 1, 2017, the sector’s ratio in corporate loans portfolio (8.4bln GEL) accounts for 10% Bank of Georgia emerges as a leader in terms of revenues from the development sector …

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Commercial Banks Raise 38mln GEL Fines in 1H17

Larization Decreased Banks’ Credit Portfolio

Commercial banks have mobilized 37 982 147 GEL fines from overdue loans in the first quarter of 2017. According to reports submitted by commercial banks, in this component Liberty Bank is leader with 13 063 588 GEL, TBC Bank ranks second with 10 120 167 GEL, Bank of Georgia is …

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Bank of Georgia to be the Most Lucrative Bank in Georgia

The most profitable bank in the banking sector is Bank of Georgia. As of July 1, The share is determined by 27%. The total revenue of the sector (16 commercial banks) is 2.134 billion GEL. ● 1 Bak of Georgia 577 010 000 ₾ 2 TBC Bank 568 722 000 ₾ 3 …

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National Bank: Impact of External Shocks Decline

National Bank: Impact of External Shocks Decline

National Bank of Georgia (NBG) has released a statement promulgating tat negative risks factors have declined in relation to Georgia. According to NBG, Georgian economy continues to recover from the external shock, both due to improvements in the domestic and external environment. In particular, the exports of goods and services, …

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BGEO Wins Contract to Upgrade Tbilisi Metro Ticketing System

BGEO Group announced on Tuesday that its banking business subsidiary, JSC Bank of Georgia, won an auction organised by Tbilisi City Hall for the modernisation of the public transportation payment system in Tbilisi, Georgia. The FTSE 250 company said that as a result, Bank of Georgia would continue as the sole provider of payment support services …

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