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Banking

Commercial Banks Invest 30 million GEL in Short-term State Securities

Commercial banks have invested 30 million GEL in short-term state securities. A total of 8 commercial banks took part in 1-year T-bill auction of Ministry of Finance. The demand constituted 88mln GEL, three times more compared to the supply. Averaged weighed interest rate totaled 7.13%. This year commercial banks record …

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PASHA Bank Partners the First CEO Lunch Tbilisi by Caspian Energy

PASHA Bank Partners the First CEO Lunch Tbilisi by Caspian Energy

On September 29th Caspian European Club and Caspian American Club hosted the first CEO Lunch Tbilisi within the framework of the official ceremony marking the resumption of activities of Caspian Energy Georgia. The event involves organization of a series of meetings for CEOs of Georgia and Azerbaijani companies and is …

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Literary Contest Winners Revealed – Liberty Bank Awards The Writers

Liberty Bank

National Association for Professional Development of Teachers and Liberty Bank have awarded writers, who have won the literary contest as part of Teacher Weekly. Money awards and notebooks were transmitted to winners of first, second and third places. The first prize was won by Eka Kevanishvili for her best work …

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Use Terrabank’s Modernized Internet Banking

Use Terrabank's Modernized Internet Banking

Ebanking.ge – Terrabank clients know this website very well, however, starting today visitors of Ebanking.ge will see entirely different design, functions and offers. After branches, Terrabank has also renovated its internet banking and introduced new offers for its clients. Starting today, physical bodies are able to use any banking service …

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BGEO Group to Hold Annual Meeting with Investors on November

BGEO Group to Hold Annual Meeting with Investors on November

The BGEO Group is preparing for Investor Day. The leading business group of the country will hold a meeting with investors and analysts on November 9. Members of the BGEO board and executive management team will introduce Group results and demerger update, macroeconomic overview, banking strategy, investment business strategy, Utility and …

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Total Assets of Georgian Commercial Banks Increased by 1.0 Billion GEL

National Bank: Impact of External Shocks Decline

As of September 1, 2017, the banking sector in Georgia is represented by 16 commercial banks, including 15 foreign-controlled banks. In August 2017, compared to the previous month, the total assets of Georgian commercial banks increased (in current prices) by 1.0 billion GEL (or by 3.2 percent) and constituted 31.5 …

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Current Condition Of Commercial Banks’ Loan Portfolio

The volume of lending by commercial banks (including loans to non-residents; excluding Credo Bank) in August 2017 increased by 183.7 million GEL or by 1.0 percent compared to the previous month (exchange rate effect excluded volume of lending increased by 0.3 percent) and constituted 19.2 billion GEL by September 1, …

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Current Tendencies Of Bank Deposits

The total volume of non-bank deposits in the country’s banking sector increased by 5.0 percent (exchange rate effect excluded volume of deposits increased by 4.2 percent), or by 840.7 million GEL, compared to August 1, 2017 and reached 17.8 billion GEL by September 1, 2017. In August, the volume of …

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Changes in Bank of Georgia and BGEO Management

Changes have taken place in the management of Bank of Georgia and BGEO. Namely, David Tsiklauri was appointed a deputy director general of Bank of Georgia with focus on financial direction, Levan Kulijanashvili – deputy director general with focus on operational direction and Vasil Khodeli – deputy director general with …

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Bank of Georgia Profits Shrank in August

Bank of Georgia profits declined by 21mln GEL in August 2017, after 65mln GEL growth in July. As of September 1, Bank of Georgia is the market leader due to 252.7mln GEL net profits and 45% market ratio (01.08.17 – 53%). Bank of Georgia has the highest coefficient of profitability. …

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