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PASHA Bank Funds Planting of 2018 Trees Within “Aghadgine” Campaign

PASHA Bank Funds Planting of 2018 Trees Within “Aghadgine” Campaign

As a New Year gift for its partners PASHA Bank will plant 2018 trees joining in the “Aghadgine” campaign that aims to recover the burnt territory of Borjomi forest. “In 2017 PASHA Bank initiated and participated in several environmental-friendly projects. Last year we congratulated our partners on New Year by …

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2018 – Year of Financial Education

lari

In 2018 Government of Georgia expects that the reforms will justify, while business sector and consumers expect their revenues to grow. At the same time, all social groups want that an inflow of investments rise in the country. The banking sector represents a cornerstone for everybody, because both corporate and …

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Assets of Commercial Banks Grow

NBG

As of December 1, 2017 the Georgian banking sector registers 16 commercial banks, including 15 ones with foreign capital in the authorized capital. According to the National Bank of Georgia (NBG), in November total assets of commercial banks of Georgia rose by 1.1 billion GEL (+3.2%) compared to October and …

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Fitch Upgrades Basisbank, Affirms Two Other Georgian Mid-Sized Banks

Fitch Ratings-Moscow/London-18 December 2017: Fitch Ratings has upgraded Basisbank’s (Basis) Long-Term Issuer Default Rating (IDR) to ‘B+’ from ‘B’ and affirmed Cartu Bank’s (Cartu) and Halyk Bank Georgia’s (HBG) IDRs at ‘B+’ and ‘BB-‘, respectively. Fitch has revised the Outlook on Cartu to Negative from Stable. The Outlooks on Basis …

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Terabank Aghmashenebeli Branch has Renewed

  According to the concept of the financial house, another branch of Terabank has been renewed. Terabank’s Aghmashenebeli branch moved to the new address on the opposite side of the Aghmashenebeli N148. The new concept of Terabank includes the creation of an environment where costumers feel themselves at their ”financial …

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Directors of TBC Bank Sold Shares on the LSE

Directors of TBC Bank Sold Shares on the LSE

Directors of TBC Bank have traded 7500 shares on the London Stock Exchange. Paata Gadzadze sold per share at 16.35 GBP. Total volume of the shares amounts to 3 000 (49,050 GBP), while Giorgi Shagidze alienated per share at 16.254 GBP, toting up 4 500 shares (73,143 GBP). TBC Bank …

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Capital Requirement for Commercial Banks Grows on January 1

Capital requirement for commercial banks will grow to 30 million GEL starting January 1, 2018. The first phase of the 30/40/50 million obligatory requirement will expire at the end of 2017. Increased coefficient of capital adequacy will be also introduced on January 1, for additional buffers created under various signs …

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