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Banking

Fast Loans

Need of money is perceived as acute as a desire for life. Our access to money or our solvency to spend money determines our needs and desires. All financial problems take origin from insufficient money. A major part of population suffers from insolvency and this factor fractures economy on global …

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National Bank Vice President Comments on Bank Deposits Insurance Mechanism

Bank deposits insurance is one of the mechanisms for ensuring steadiness of finance sector, National Bank vice president Murtaz Kikoria told reporters. “Today the banking system is demonstrating the highest level of steadiness – bank capital adequacy, profitability, liquidity and steadiness indicators satisfy the highest standards. Consequently, it is better …

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Types of Loans and New Webspace for Comparison

100 lari

Nowadays the terms of finances and  loan  have become inseparable concepts. Finance sector offers a great number of crediting opportunities, including banks, microfinance organizations and companies, which offer fast loan services. To realize the essence of a credit, its positive and negative aspects, we should first know their types. Fast …

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Robert Singletary: Larization Program is Undeniably Successful

Robert Singletary: Larization Program is Undeniably Successful

Robert Singletary, member of the Board of the National Bank of Georgia progressively estimates larization program, despite the fact that merely 3000 out of 27 000 beneficiaries are engaged in the larization program. Member of the Board of the National Bank of Georgia announced on positive expectations of 10-point government plan …

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GEL Returned to the Strengthening Trend

GEL Returned to the Strengthening Trend

GEL has returned to the strengthening trend after the resume of foreign exchange trade. GEL started devaluation unexpectedly on March 2 and cost of 1 USD grew up to 2.54 GEL, despite the fact that strengthening trend had been fixed through day. To note, trade stated at $1/2.4925 point at …

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Minimum Capital Requirement is Increased up to 50 mln for the Banks

Minimum Capital Requirement is Increased up to 50 mln for the Banks

Mandatory minimum of capital requirement is increased for the commercial banks. According to Koba Gvenetadze, president of National Bank of Georgia, capital requirements have not been changed for the commercial banks after 2006 and today the increase is conditioned due to the  the general practice, but it does not mean …

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TBC Bank’s New Project To Encourage Georgian Startups

Startuperi

TBC bank starts a project to encourage new generations of Georgian startups, the project is aimed at promoting starting a business. Bank will provide startups with both financial and non-financial services, such as training courses meetings and workshops. With this project TBC bank will expand it’s business service area, from corporate, …

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