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Bank of Georgia Posts 18.8% Rise in Q1 profit

Bank of Georgia Group Plc on Monday posted an 18.8 percent rise in first-quarter profit, driven by its banking and investment businesses, on the back of strong macroeconomic performance and business outlook in Georgia. Bank of Georgia Group Plc is the new parent company of BGEO Group Plc, it said …

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Will Consumer Loans Rise in Value?

The maturity period of consumer loans may change, according to the National Bank’s exposure draft on the issuance of retail loans. The document determine loan-issuing criteria, compliance with which will be obligatory for all loan organizations regulated and supervised by the National Bank of Georgia (NBG). According to the NBG’s …

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Profits of Commercial Banks Decline

The past three months have recorded a decline in profits of commercial banks. In April, net profits constituted 60 million GEL, down 15.5 million GEL compared to March and down 30 million GEL compared to February 2018. In April 2017 net profits of commercial banks made up 37.5 million GEL, …

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TBC Bank Completed 4-Year Legal Dispute with Asaval-Dasavali

Asaval-Dasavali executed a decision passed by the Supreme Court and publicly denied false information about Mamuka Khazaradze and TBC Bank published in different newspaper editions in 2014. According to the decision, the newspaper admitted disinformation in the same format, on the same page. TBC Bank and Mamuka Khazaradze filed a …

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EBRD Named TBC Bank most Active International Financing Bank in Georgia

The European Bank for Reconstruction and Development (EBRD) has once again named TBC Bank once again the most active bank in Georgia in terms of international trade financing. TBC Banks has received mentioned award for the fourth time.  The annual award ceremony was held in Jordan, where EBRD representatives hosted …

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TBC Bank Held Agriforum about Fishing

TBC Bank’s agriforums continue in the regions and shifting from Kakheti to Shida Kartli with different topic. This time, Forum was held in Gori. Amateur farmers and individuals engaged in agriculture had the opportunity to get familiar with the latest information about fish care and breeding and get comprehensive answers …

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Discontent Against Commercial Banks Grows

Claims Against Commercial Banks in 2017 Rose by 140%. In 2017, claims against commercial banks submitted to National Bank of Georgia (NBG) rose by 140%, according to the NBG report for 2017. The NBG department for consumer rights protection registered 3,269 claims in 2017, including 2,329 (71%) claims submitted by …

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Two Commercial Banks to Pay Fines of 1.9 million GEL

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

For the purpose of protecting requirements of the law against illegal revenues legalization, the National Bank of Georgia (NBG) has inspections various financial companies. As a result, fines imposed on non-bank financial institutions made up 712 750GEL. According to the 2017 report by NBG, a total of 95 currency exchange …

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Payment Card Operations in 2017 Totaled 19 billion GEL


In 2017 payment card transactions made up 19 billion GEL, up 24% since year, the National Bank’s report for 2017 reads. A total of 179 million payment card operations were performed in 2017, up 32% over the previous year. The share of domestically performed operations was 93%, while the remaining …

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BGEO in Expectation of Changes in Listing

Price of Bank of Georgia shares (BGEO LN) has declined at London Stock Exchange (LSE). Last week the price of a share constituted 34.54-36.76 GBP. The price declined by 3.9% week on week and by 1.8% month on month. According to G&T analytics, in the reporting week deals were made …

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Deputy Economy Minister is BGEO Stakeholder

Giorgi Cherkezishvili

Deputy Minister of Economy Giorgi Cherkezishvili is a BGEO Group stakeholder. Cherkezishvili bought shares of Georgia’s biggest banking-investment holding in 2013 and paid 9432 GBP for the stake. The deal turned out successful. As of April 30, 2018, the value of Chekezishvili’s stake has almost doubled and the value of …

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