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CHARITY TERMS BY BANK REPUBLIC – STUDENTS LOAN WITH 52.51% ANNUAL INTEREST RATE

Bank’s Discriminating Policy against Students of University of Georgia A major part of Georgia’s leading commercial banks issues students loans with different terms, but with the almost same interest rates. It is interesting whether Georgian students find the interest rates and terms affordable. Today’s article covers Bank Republic’s students loan …

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PASHA Bank enters Turkish market

The Turkish Banking Regulation and Supervision Agency (“BRSA”) has granted permission to PASHA Bank, a leading private Azerbaijani investment and corporate financial institution, to acquire the controlling stake of TAIB Bank from Aksoy Holding of Turkey. PASHA Bank and Aksoy Holding have enjoyed a strong working relationship over the last …

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Bitcoin Named the World’s Worst Currency

Which was the world’s worst currency in the past year? Bloombergview’s columnist Mark Gilbert published analytical material on this topic noting that despite  problems with the Russian ruble and Ukrainian hryvnia, Bitcoin  suffered a truecatastrophe. Bitcoin isn’t dead, but it may be mortally wounded, according to Mark Gilbert. It was …

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MFO Crystal: Fluctuations in GEL Rate Spooked Companies

Director  of the  MFO Crystal states in an interview with radio  “Commersant” that 2014 was productive for the company and the sector, but the recent national currency fluctuations  and the uncertain situation have spooked  the companies. In the words of Malkhaz Dzadzua,  if there is no surprises in this regard …

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Samir Valiyev, General Director of IBA-Georgia Assessing 2014

The year of 2014 has turned out a new stage of sustainable development for International Bank of Azerbaijan – Georgia (IBA-Georgia). Amid the sharp competition the bank determined to make focus on client interests as one of the main priority directions in 2014. The bank has earned very positive indicators …

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Sopho Balavadze, Bank of Georgia PR Head Assessing 2014

Over the last few years Bank of Georgia has made strong progress in delivering growth in its core retail banking, corporate banking and investment management businesses. This growth has been combined with maintaining a solid capital and liquidity position and consistently high returns on shareholder equity, delivering dividends that have …

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Alex Matua, head of ProCredit Bank’s Business Clients Departments

2014 was one of the most successful years for ProCredit Bank in terms of important projects implemented and results achieved during the year. It is noteworthy that the bank has finally refused to finance segments with no prospects for business development and redirected all of its resources towards financing small …

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Vusal Verdiyev, Finca Bank Chief Executive Officer Assessing 2014

The year 2014 has been successful for FINCA Bank Georgia. As recently licensed commercial bank (former MFI) FINCA Bank Georgia has introduced new banking services and continued expansion of the network of service centers in Georgia, particularly, in Tbilisi. A total number of the service centers is over 40 ones. …

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