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Report on JSC Terabank Performance in 2016

The year of 2016 was a period of significant challenges for Terabank. The bank has coped with all challenges successfully. Small and medium business sectors (SME) represent a main target segment for the Bank. At the end of the year, Terabank’s market ratio rose by 1.2% to 4.4%. Terabank has …

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TBC Bank Emerges as Leader Among Profitable Banks

Ratio of two major commercial banks in total profits of Georgian bank sector is 67.8% (01.12. 2016 – 66%; + 2.7% m.m). Thirteen commercial banks of 16 ones finished the year of 2016 in profits of 696.7 million GEL (losses of 3 commercial banks marked 16.601 million GEL).

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More than 100 Clients to dedollarize Loans in Commercial Banks

Factors Behind the Georgian Lari’s Depreciation

2000 loan holder contacted banks due to Loans dedollarization program. According to the latest data more than 100 clients dedollarized their loans. The head of banks association, Zurab Gvasalia declared that 5 days deadline was today concerning the message clients were supposed to get from banks. “If someone didn’t get …

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GEL has Strengthening Trend on the Foreign Exchange Market

GEL has strengthening trend from January 9. According to official exchange rate, GEL has devaluated against USD by 6 tetri through this period, from 2.7674 to 2.7084. GEL has strengthened further from Tuesday morning on the foreign exchange market. Cost of 1 USD totals to 2.66-2.68 GEL in the foreign …

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TBC Bank Appoints New Chief Risk Officer David Chkonia

David Chkonia which has 15 years of experience in the risk management will occupy the post depute of risk management director and general director in TBC. Before David Chkonia joined TBC group, he possessed the post of “BlackRock”( “BlackRock Solutions Group”), where he consulted financial institutions and regulators concerning entrepreneurship …

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