Home / Banking (page 30)

Banking

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 …

Read More »

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 …

Read More »

TBC Offers Innovative Online Tools to Business

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 …

Read More »

Commercial Bank Supervisory Board Members Banned to Occupy Executive Positions

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 …

Read More »

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% …

Read More »

Finance Minister: Chinese Bank will Be Commercial By 100%

Kumsishvili: We Do Not Manipulate with Expectations of Currency

Government of China will maximally support Chinese Bank to get established on Georgian market and this bank will be a commercial body by 100%, Minister of Finance of Georgia Dimitri Kumsishvili said. “Active work is being carried out with National Bank. In China we signed a document and the company …

Read More »

Retail Crediting Surpasses Corporate Portfolio in Growth Pace

The Georgian bank sector earns record profits every year. Despite Georgia’s economic growth pace is 3% on average over the past 5 years, profits of commercial banks grow by more than 100% every year. Bankers assert that such high profitability indicators are preconditioned by the sector’s success. However, it should …

Read More »