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National Bank Bought 19.75 Million USD in April

National Bank Bought 19.75 Million USD in April

Net currency sales of National Bank of Georgia (NBG) made up 30.5 million USD. As a result, foreign assets have declined by 10.75 million USD. NBG has purchased 19.75 million USD through currency auctions. Government deposits shrank by 132.5 million GEL to 1.178 million GEL. In the reporting period placement …

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IFC Invests $45 mln in Bank of Georgia’s Lari-Denominated Bonds

GEL

The World Bank’s International Finance Corporation said on Friday it had invested 108.3 million lari ($45 million) in Bank of Georgia’s first local-currency bonds sold outside Georgia, in a move intended to help attract investment in the country’s private sector. Bank of Georgia, the country’s biggest bank by assets, priced …

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TBC Joins London Stock Exchange’s FTSE 250 Index

TBC bank Board

TBC Bank Group PLC informs shareholders of the announcement from FTSE Russell on 31 May 2017 that TBC PLC shares will be joining the FTSE 250 Index. The inclusion will be implemented at the close of business Friday, 16 June 2017 and will take effect from the start of trading …

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TBC Bank to Hold a Meeting with the Investors in London

TBC Bank to Hold a Meeting with the Investors in London

TBC Bank is holding “Capital Market Day” for the investors on Thursday. The planned events in London will be continued through the whole day. The Bank’s management team will provide an update on business performance, and in addition, the Governor of the National Bank of Georgia, Mr Koba Gvenetadze, will …

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New Bill to Smooth Foreign Banks Licensing Procedures

NBG Reduces Its Policy Rate By 25 Basis Points To 6.75%

According to the bill on National Bank of Georgia (NBG), the list of documents to be submitted to NBG for obtaining a banking license is broadened: More detailed information must be submitted about the bank owner; The bank must submit business model and risks management documents approved by a supervisory …

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TBC Offers Innovative Online Tools to Business

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If you have a business and don’t know what the advantage of your rival is compared to you, if you want to find out more about your shares and position at the market, you won’t have to work so hard anymore. TBC created a business map for you.The project which …

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Commercial Bank Supervisory Board Members Banned to Occupy Executive Positions

board

Under amendments to the Law on Commercial Banks, members of supervisory boards of commercial banks are banned to occupy executive positions, in compliance with international practice and standards. At this stage, there are two directors in TBC Bank supervisory board: director general Vakhtang Butskhrikidze and deputy director general Giorgi Shagidze …

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TBC Bank’s Market Capitalization Grows to 893 million GBP

TBC Bank

TBC Bank’s Market Capitalization Grows to 893 million GBP. A total of 354 000 shares of TBC Bank (TBCB LI) were sold at London Stock Exchange (LSE) in previous week. The trading session week closed at the price of 16.95 GBP per share (L/m – GBP 16.25; +7.01% m.m: +5.74% …

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