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TBC Bank Announces about New Issuance at London Stock Exchange 

TBC Bank Announces about New Issuance at London Stock Exchange 

TBC Bank has announced about an issuance of new shares at London Stock Exchange (LSE). The bank has already released a statement for foreign investors.  The statement reads that TBC Bank has already submitted 102 121 new ordinary shares to LSE. The bank has requested a placement in the premium-segment …

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ProCredit Bank’s Profitability Remains Stable

ProCredit Bank's Profitability Remains Stable

ProCredit Bank’ profitability remains stable. As of June 1, 2017 Return on Equity (ROE) made up 7.44%  (Q1/2017 – 7.44%); Return on Assets totaled 1.06% (Q1/2017 – 1.06%). The Bank has moved to the 11th position  with a 1.6% ratio in the banking sector profitability. Assets 1 242 520 000 …

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Liberty Bank Supports New Sports Events in Tbilisi

Liberty Bank Supports New Sports Events in Tbilisi

A 5-kilometer run called as Tbilisi Runs for Heroes was held at Lisi Lake. The event was organized with support of Liberty Bank.  Any citizen could participate in the Run that was held in remembrance of heroes fallen for territorial integrity of Georgia. Funds raised from the Charity Run will …

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Negative Interest Rates

Mariam Lashkhi

Since the most recent global financial crisis, interest rates in developed countries have been unprecedentedly low. The real interest rates are close to zero and in a number of cases, are even negative. The European Central Bank was the initiator for establishing the negative interest rates when it began using …

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Forbes has Presented a New Edition of The Banker

Forbes has Presented a New Edition of The Banker

Forbes Georgia has presented a new edition of Forbes Banker. The magazine presents ongoing events in the banking sector, the results of the previous year and interesting ratings. The main theme of the second special edition is “TBC Insurance”. Paata Ghadzadze, famous banker and experienced insurer of risks is on …

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Georgia’s Growing Economy Prompts A Bank to Offer More

Rocky beaches, lush greenery, and balmy weather has made Georgia’s Black Sea resort of Batumi one of the most sought-after vacation destinations in the region. Fifty-year-old resident Nebi Shanidze watched the tourists descend, season after season, overwhelming the few budget and mid-market hotels. He then came out of retirement to …

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VTB Bank Increased Portfolio of Preferential Agriculture Loan by 14%

VTB Bank Increased Portfolio of Preferential Agriculture Loan by 14%

VTB Bank increased portfolio of preferential agriculture loan by 14% from early this year. According to the bank, 75 projects are funded as of June 15 with a total volume of 8 million GEL. Mamuka Kvaratskhelia, head of Project Management Agency notes on the motivation of banks with state co-subsidizing …

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