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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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A Conversation with Larisa Makarova, VISA’s Risk Services Director – Georgia is Already in the Future

Last month, Georgia’s capital Tbilisi hosted two significant events:  VISA Risk Executive Council and  the Security Summit. Both events discussed key focus in risk management , current worldwide trends and fraud  prediction techniques, and showcased VISA’s most advanced technologies and innovative practices  to make payments even more secure.. VISA sees …

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PASHA Bank to Partner Caspian Energy Georgia’s new Project

PASHA Bank to Partner Caspian Energy Georgia’s new Project

This year Caspian Energy and Caspian European Club opened their representation in Tbilisi – Caspian Energy Georgia. The latter will be engaged in arrangement of business forums, CEO lunches, trainings, seminars, round tables and other business activities. Caspian Energy is an international journal spread in over 50 countries of the …

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Moody’s Upgrades TBC Bank Credit Rating

Moody’s Investors Service (Moody’s) has announced today that it has upgraded the credit rating of JSC TBC Bank (“TBC Bank”), subsidiary of TBC Bank Group PLC. The Bank’s local-currency deposit rating has been increased to Ba2 from Ba3 and its foreign-currency deposit rating to Ba3 from B1. The ratings continue …

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TBC Group to Create Information Technology Platform in Georgia

TBC Group to Create Information Technology Platform in Georgia

TBC Group is going to create technology platform in Georgia, – founder of TBC Group has announced it while talking about the business support project. Mamuka Khazaradze considers this initiative interesting and important. “It seems very interesting to me and we are going to establish centre on the project, where …

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TBC Bank’s Market Capitalization Declines

Price of TBC Bank shares (TBCB LI) has increased at London Stock Exchange (LSE). Last week the maximum price rose to 16.85GBP In the reporting period trading sessions closed at 16.2 GBP (+0.12 week on week; -0.61% month on month). Deals were made on 131 000 shares. Over the past …

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London Stock Exchange Makes Deals on 456 000 BGEO Shares

Price of Bank of Georgia shares (BGEO LN) at London Stock Exchange (LSE) made up 32.92-34.83 GBP (L/m – GBP34.25 – 35.90). The price declined by 4.3% week on week, by 7.84% month on month. According to G&T analytics, deals were made on more than 456 000 shares (60 000 …

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