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Avto Namicheishvili and Eka Shavgulidze Leave Liberty Consumer

Changes take place at supervisory board of Liberty Consumer. By decision of Georgian Capital, the majority stakeholder of the company, Avtandil Namicheishvili and Eka Shavgulidze have left the board. The mentioned persons were replaced by Levan Dadiani and Zurab Nemsadze. Daviani has occupied the position of a chairman of the …

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Berenberg Bank Reaffirms “Buy” Rating for TBC Bank Group

TBC Bank Group’s stock had its “buy” rating reiterated by analysts at Berenberg Bank in a research report issued to clients and investors on Tuesday. They currently have a GBX 2,025 ($26.96) price target on the stock. Berenberg Bank’s price target suggests a potential upside of 17.87% from the company’s …

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Liberty Banks Shares about News within Social Responsibility Program

Liberty Bank has developed several simplified and comfortable conditions for pension recipients. In particular, from today, pensions will be available on any channel on 14th of each month. If 14 numbers happens to be the non-working day, consumers will get pensions with Liberty Bank ATMs. Also, any person receiving a …

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Bank Credo Annuls Dream Card

Credo has annulled Dream Card. Those, who own pupils card, are able to move their balance from Dream Card to Pupils Card, while only debit function is maintained to all other cards. Dream Card, or installment payment card, was applicable for buying equipment or other things, fertilizers and other agriculture …

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Bank of Georgia Holdings Shares Drop -38.17%

Bank of Georgia Holdings Plc (BGEO.L) have moved lower over the course of the past week revealing negative downward near-term momentum for the shares. In taking a look at recent performance, we can see that shares have moved -38.17% over the past week, -42.74% over the past 4-weeks, -40.21% over the past …

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TBC Bank Group Rating Reiterated by Peel Hunt

Peel Hunt reiterated their buy rating on shares of TBC Bank Group (LON:TBCG) in a research note published on Friday, May 25th. They currently have a GBX 2,150 ($28.85) price objective on the stock. Separately, Berenberg Bank initiated coverage on shares of TBC Bank Group in a research note on Tuesday, April …

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TBC Bank has New Director of Operations Management

Tornike Gogichaishvili was appointed Deputy Director General of TBC Bank and Director of Operations. Gogichaishvili replaced Vano Baliashvili, who will continue to work in TBC Bank’s in other sector after almost 20 years of work at the company. Tornike Gogichaishvili has 20 years experience in financial services and operations management. Prior …

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New Regulations for Credit Companies

New and fairer rules will be established in Georgia’s banking and finance sector to protect consumer rights, Minister of Finance Mamuka Bakhtadze said. The reforms are to establish new qualitative standards and support sustainable, long-term economic growth. Excessive indebtedness is a key challenge the reforms will address, as it is …

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New Regulations to Take Effect for Banking Holdings

Kumsishvili

“New regulations will be enforced in relation to banking holdings”, Vice Prime Minister Dimitri Kumsishvili noted after Georgian Capital was separated from BGEO Group and Georgian Capital shares were placed at London Stock Exchange (LSE). The banking sector should be separated from real economy, he said. “Today is of crucial …

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