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Trouble-free 100 Days

TeraBank

Trouble-free 100 days – or how to relax from loan interest rates, when I need money urgently?! Only Terabank provides a valuable answer to this question, at this stage. To finance the New Year preparations, travel and general expenditures, the Bank offers a New Year gift to consumers. During 100 …

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Koba Gvenetdze Makes a Comment on Sharp Devaluation of GEL

Koba Gvenetdze Makes a Comment on Sharp Devaluation of GEL

President of National Bank of Georgia links GEL devaluation to the agotage created by the expectations on the market. Koba Gvenetadze does not name concrete factors, what provoked the negative expectations. He declares that many factors are component of expectations and their separation is hard. “USD rate has been increased …

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TBC to Start a New Project with Young Artists

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TBC presented a new project “12” designed with contemporary art. In the frame of the project, 12 designers of TBC new visa pay sticker were created, where different paintings by young artists are displayed.  These paintings were exhibited in “Fabrika” along with other works of artists. 12 artists are involved …

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Georgian Lari Among the Best New Global Banknotes

Georgian Lari Among the Best New Global Banknotes

Georgian lari  has won Oscar of Paper Currency fordesign of monetary banknotes. “On the front is Queen Tamar, who ruled the country from 1184 to 1213, a period known as the “Georgian Golden Age.” The note has a holographic stripe and a magenta-to-green security thread”- writes Bloomberg. The International Bank …

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Frequently Asked Questions Regarding The Program On Larization Of Loans

Frequently Asked Questions Regarding The Program On Larization Of Loans

Q&A for the program of conversion of loans to individuals in US dollar under real estate collateral before January 1, 2015 into lari loans. What does the program of FX bank loan conversion to lari mean?  The program includes a voluntary conversion of US dollar-denominated bank loans of individuals colalteralized …

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Russia’s Alfa Bank Enters Georgia

Russia’s Alfa Bank Enters Georgia

Commersant has learnt that the Russian banking giant Alfa Bank enters Georgia. According to the source, Alfa Bank  buys the assets of the Caucasus Development Bank-Georgia and  the audit service has entered into the bank. The National Bank of Georgia (NBG) has revoked thebank’s license  in September this year, as a …

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Two New Members are in the Supervisory Board of NBG

Two New Members are in the Supervisory Board of NBG

The parliament has approved three members in the Supervisory Board of NBG. Murtaz Kikoria, Archil Mestvirishvili and Robert Singletar are elected for 7-year term in the Board. The famous banker, Murtaz Kikoria returns to NBG from Bank of Georgia, where he has been occupying position of General Director, as for …

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